Nifty Banknifty Analysis & Q4 Results For Tomorrow 17 May

 Nifty Banknifty Analysis For Tomorrow 17 May


Closing Bell: 

    Nifty not able to sustain above its crucial support level 14700 after a gap up opening, Nifty fell 18 points to settle at 14677. Banknifty closed at 32169 down with 282 points.


Nifty Levels:

      Nifty closed flat below 14700 levels which is a crucial support for nifty. 14600 acted as very good support in today's session. we can consider this as near-range support for coming trading sessions.

     For Nifty near range, support is available at 14500, and longe range support is available at 14200 levels. Resistance levels for the nifty small range are 14800 and long-range 15000

   We can sell nifty around its resistance levels with a small target of 40+40 points. Below 14600 we can see a sharp fall up to 14520 levels.

Banknifty Levels:

    Banknifty was closed at 32169 levels after a gap up opening. 32300 is good resistance for tomorrow. 

Now 32800-33000 are very big resistance levels for Banknifty. above this level, Banknifty can continue the upside move up to 34000-400.

For Banknifty 32200 & 31800 are good support zone below this level we can see weakness and banknifty can drag up to 31000 levels again.

Strategy for Monday: Sell on a rise.

Support And Resistance Levels For Nifty And Banknifty for 17 May 21.

Index

S3

S2

S1

P

R1

R2

R3

Nifty

14400

14510

14589

14650           

14700

14760

14800

Banknifty

31200

31800

32000

32200           

32300

32500

32800


SECTORAL INDICES (11 May performance)           Results for 17 May 21

Indices

% Change

Nifty Bank

-0.87

Nifty Fin Services

-0.61

Nifty IT

-1.03

Nifty Pharma

-1.28

Nifty Auto

-2.03

Nifty FMCG

2.13

Nifty Metal

-3.76

Stock

Expected Time

Bharti Airtel

16:15 - 17:15

Butterfly

13:15 - 14:15

Colgate

17:15 - 18:15

Gland

13:15 - 14:15

GNFC

15:45 - 16:45

Orient Cement

10:45 - 11:45

Shakti Pumps

13:30 - 14:30

Sun Pharma Adv

13:30 - 14:30

WABCO India

17:15 - 18:15































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