FREE WEEKLY BANKNIFTY FORECAST REPORT – FROM 04-06-12 TO 08-06-12 – WWW.MARKETCALLS.NET

This week market may remain highly volatile and may end negative

Last week Banknifty lost 189 points and closed at 9212. Last week we saw that banknifty took good start and made high of 9442 but could not cross 9500 level and closed at 9212. Major key concern news which drage down banknifty is Europe problems, Rupee Devaluation and Worst Q4 GDP data. In coming week if Europe create more problems then we may see panic on worldwide stock markets. Our Indian markets may create new low. Banknifty closing base support at 9072. If banknifty close below this level  then it may create panic upto 8995 and more.

BANKNIFTY STOCKS AS PER 01-06-2012, FRIDAY CLOSING DATA
SYMBOL LTP % Chng 52w H 52w L 365 d
% chng
BANK NIFTY 9,267.60 -1.84 11,451.25 7,766.35 -16
ICICIBANK 781.45 -0.23 1,111.80 641 -27.96
AXISBANK 966.9 -0.42 1,367.55 784 -24.36
INDUSINDBK 295.5 -0.97 370 222.15 11.64
SBIN 2,025.00 -1.51 2,529.70 1,571.10 -13.06
CANBK 393.3 -2.19 566 341.3 -28.12
YESBANK 321.85 -2.43 388.7 230.5 7.95
BANKINDIA 332 -2.6 468.8 261 -23.34
HDFCBANK 490.15 -3.17 2,583.30 400.25 2.19
PNB 726.9 -3.79 1,202.00 703.5 -34.05
KOTAKBANK 541.95 -3.82 602.75 411 22.86
UNIONBANK 192.9 -4.34 328 155.45 -40.64
BANKBARODA 654 -5.05 948.45 615 -24.5
  • KEEP SL IN SYSTEM NOT IN YOUR MIND.
  • KEEP STRICT SL IN EVERY TRADE AND POSITIONS
  • BEFORE YOU TRADE ON SYSTEM FIRST DECIDE THE SL AND THEN TRADE.

BANKNIFTY WEEKLY CHART

BANKNIFTY WEEKLY CHART

BANKNIFTY WEEKLY CHART

WEEKLY BANKNIFTY SUPPORT 9072 AND RESISTANCE 9399

BANKNIFTY FUT. (9212)
Buy above 9410 Target 9519-9594-9716
Sell below 9160 Target 9114-9025-8925

-Always Remember, put SL in your every trade.
– Weekly Levels are Closing Basis, so follow on closing time.
-How to follow our calls on Click Here
-Read Disclaimer at Click Here
Rupesh Yatesh Dalal
Head Research Department


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