Saturday, 17 August 2019

WEEKLY REPORT FOR 19 AUG to 23 AUG 2019



NIFTY FUTURE OVERVIEW :-

NIFTY FUT. TREND B/W 10530 – 11400 FOR NEXT WEEK. 

MAJOR SUPPORT LEVEL IS 11025, IF IT’S BREAK NIFTY FUT. WILL LIKELY GOES NEGATIVE.

MAJOR RESISTANCE LEVEL IS 11060, IF BREAK NIFTY LIKELY TO GOES POSITIVE.

MAJOR POINT IN NIFTY FUT. CLOSE 16 AUGUST 2019 ABOVE MOVING AVERAGE (14) SIGNAL LINE, SHOW OUR 4 HOUR CHART, IT INDICATE THE  BULLISH SIGNAL.



BANK NIFTY FUTURE OVERVIEW :-

BANK NIFTY FUT. TREND B/W 26700– 29650 FOR NEXT  WEEK.

MAJOR SUPPORT LEVEL IS 28180, IF IT BREAKS THAN BANK NIFTY WILL LIKELY GOES NEGATIVE.

MAJOR RESISTANCE LEVEL IS 28221,IF BREAKS BANK NIFTY LIKELY TO GOES POSITIVE.

MAJOR POINT IN BANK NIFTY FUT.,ITS CLOSE 16 AUGUST 2019 ABOVE MOVING AVERAGE (14) SIGNAL LINE, SHOW OUR 4 HOUR CHART, IT INDICATE THE  BULLISH SIGNAL.

52 WEEKS HIGH STOCK DURATION TILL 12 AUG 2019 TO 16 AUG 2019



52 WEEKS LOW STOCK DURATION TILL 12 AUG 2019 TO 16 AUG 2019



TOP MOST NEWS NEXT WEEK 19 AUG TO 23 AUG 2019 DATE WISE:- 

19 AUG 2019

RESULT : CG POWER/IITL PROJECTS/GLANCE FINANCE.

20 AUG 2019

RESULT : NOVA IRON & STEEL/TANTIA CONSTURCTIONS/CEENIK EXPORTS LTD.

21 AUG 2019

RESULT : PROCTER& GAMBLE HYGIENE/ARMAN FIN.SER./THAKRAL SER.

22 AUG 2019

RESULT : GILLETTE INDIA/EVEREST KANTO CYLINDER/ADVANCE LIFESTYLES.

23 AUG 2019

RESULT : BHARAT BHUSHAN FINANCE & COMMODITY BROKERS LTD.

OUR PICK STOCK 10-20 DAYS DURATION:-

BUY M&M FIN B/W  315-319 TGT 350/360 STOP LOSS 280



REASONS :- 

LONG TERM TREND IS UPSIDE SIDE AND IT BREAK MAJOR RESISTANCE ON GAP FILL LEVEL @ 319, SHOW OUR 4 HOUR CHART. 

IT IS A CONTINUES BULLISH PATTERN IN TECHNICAL LANGUAGE.

IF NOT BREAK MAJOR REISTANCE IN M&MFIN. @ 347, SO HIS MOVE TO RANGE BOUND @ 300-335 IN NEXT WEEK.

RSI INDICATOR ALSO GAVE THE BREAK OUT IN CHART.

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