Nifty Daily Timeframe Analysis

Nifty 50 was rejected the resistance of 18532 and then found support on the 17420 level.

Nifty is trading in the zone and for any above that zone needs to break. It has trendline resistance too for an upside move.

Nifty 1 Hrs Timeframe Analysis

On Friday, Nifty 50 closed at 17856.50(-0.21%). Nifty has a resistance at a level of 17961 on the upside.

Nifty may find support on 17704 which was working as resistance previously.

Bank Nifty Daily Timeframe Analysis

Bank Nifty showed weakness last week and traded in the zone. BN found support on 39742 level.

Bank Nifty needs to break the resistance of 43705 for any upside move and the supply zone is present at a level of 39742 level.

Bank Nifty 1 Hr Timeframe Analysis

 On Friday, Bank Nifty closed at 41559.40 (+0.01%). BN traded in the zone and has a strong resistance of 41920 zone.

As BN needs to break the supply zone on any upside move and there is support presence at 40801 level.

Sector Heat Map based on Last week's performance

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Analysis by
Dixit from MT Team
Equity Research Analyst (Technical & Fundamental). Experienced Index Analyst.