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    LKP Securities

    Published on 19/04/2021 8:54:46 AM

    Index closed a week at 14600 zone with loss of 1.50% on weekly basis and formed hammer sort of candle pattern on weekly chart. Again index has taken strong resistance from 14700 zone which will be immediate hurdle for coming week as well followed by 14800 zone, supports are still placed at 14500-14400 zone if managed to hold above said levels we may see some pullback move in coming sessions. Nifty bank closed a week at 31977 with loss of one & half percent, immediate support for nifty bank is coming near 31500-31000 zone and resistance is coming near 32150-32350 zone.

    LKP Securities

    Published on 16/04/2021 8:54:08 AM

    index closed a day at 14581 with gains of more than half percent and formed a bullish candle for second consecutive day. Index has formed a good base near 14460-14350 zone if managed to sustain above said levels we may see northward move towards 14700-14800 zone which is immediate and strong hurdle on the higher side. Overall range for nifty is coming in between 14250 on the downside and 15k on the higher side. Nifty bank closed a day at 32113 with gains of more than one percent, immediate support for nifty bank is coming near 31800-31500 zone and resistance is coming near 32350-32750 zone.

    LKP Securities

    Published on 15/04/2021 8:57:19 AM

    Index closed a day above 14500 zone with gains of more than one percent and formed a bullish candle on daily chart. Now immediate support is formed near 14450-14350 zone if managed to hold above said levels we may see some more extension in current pullback towards 14600-14700 zone. Nifty bank closed a day at 31771 with gains of more than three percent, strong support for nifty bank is coming near 31300-31000 zone and resistance is coming near 32000-32350 zone.

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