Daily Stock Insights by Mr. Zanil Shah

Bulls rejoiced the week ending 13^th august where markets made a new all-time high at 16543 and ended its week at 16529 near its high up by 1.8 % on weekly basis. Bank Nifty also ended its week at 36195 up by 1% on weekly basis.

Lets look the the previous weeks top 3 index gainers and loosers on Weekly basis.

Going ahead Nifty has a resistance near 16547 levels above which it can touch 16675 & 16874 levels and on down side the index has a strong support at 16150 levels.

Bank Nifty has been sustaining above 36000 levels but now trading in a range of 35500 to 36350 levels though showing a signs of up move till 36500 / 37061 / 38187 levels On down Side the index has a strong support near 35900 & 35670 levels.

HDFC Bank:

HDFC Bank Looks good for a target of 1540 / 1560 / 1600and above it has a good support near 1470 to 1480 levels.

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