In previous week Nifty managed to reach near our third target of 15926 making a high of 15901 and the FED’s announcement and the new variant of Covid led to a correction in Nifty after which the index made a low 15450 and gave a sharp pullback in Friday’s session recovering all the losses and ended on a flat to negative basis at 15,683 down by 0.1%.
Bank Nifty also faced a resistance near 35500 levels and saw a correction till 33908 in the previous week and the banking index also observed a good pull back in Friday’s session and ended at 34558 down marginally by 0.1%.
Lets look the the previous weeks top 3 index gainers and loosers.
| Top Weekly Gainers | ||
| Name | LTP | %change |
| HUL | 2482.90 | 4.9% |
| Infy | 1503.30 | 3.9% |
| HDFC Life | 709.20 | 3.9% |
| Top Weekly Losers | ||
| Name | LTP | %change |
| Adani Port | 694.35 | 17.3% |
| Coal India | 146.40 | 10% |
| JSW Steel | 670.60 | 8.3% |
Nifty:
Going ahead for next week Nifty has a support near 15600 levels and 15766 remains as a resistance above which it may test the previous high of 15900.
Bank Nifty:
For next week 34900 / 35035 and 35500 remains a resistance while 34500 / 34200 / 33900 remains a good support for Bank Nifty
In our last to last week’s article we had mentioned about United spirits at 629 levels for the targets 675 & 742 of which the stock has achieved its first target and open for the second target.
Berger Paints:
Bergerpaints if it sustains above 840 / 845 levels then it may see an upmove for the targets of 859 / 875 / 900. One can buy at CMP 826 and on DIPS till 800 with a SL of 780.
