Nifty PSU Bank Outlook for the Week (Dec 24, 2018 – Dec 28, 2018)

December 21, 2018February 28, 2021

EquityPandit’s Outlook for NIFTY PSU BANK for the week (Dec 24, 2018 – Dec 28, 2018) :

NIFTY PSU BANK:

Nifty PSU BANK index closed the week on positive note gaining around 1.80%.

As we have mentioned last week, that resistance for the index lies in the zone of 3050 to 3100 where Fibonacci levels and high for the month of November-2018 are lying. If the index manages to close above these levels then the index can move to the levels of 3200 to 3250 where Fibonacci levels are lying. During the week the index manages to hit a high of 3117 and close the week around the levels of 3034.

Minor support for the index lies in the zone of 2950 to 3000. Support for the index lies in the zone of 2800 to 2830 where long term Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 2550 to 2600 where low for the month of October-2018 is lying.

Resistance for the index lies in the zone of 3080 to 3120 where Fibonacci levels and high for the month of November-2018 are lying. If the index manages to close above these levels then the index can move to the levels of 3200 to 3250 where Fibonacci levels are lying.

Broad range for the index is seen between 2850 to 2900 on downside & 3150 to 3200 on upside.

INDEX OUTLOOK MARKET OUTLOOK NIFTY PSU BANK

NIFTY PSU BANK Outlook for the Week (June 03, 2024 – June 07, 2024)

CRON USERMay 31, 2024

May 31, 2024

NIFTY PSU BANK closed the previous week on a negative note losing 3.92%.

Technically, NIFTY PSU BANK share price will see immediate support at 7,234.17 and immediate resistance would be seen at 7,529.27.

If NIFTY PSU BANK share price closes below immediate support of 7,234.17, then sharp breakdown can be seen. NIFTY PSU BANK share price will see major support at 7,082.33 for the week.

On the positive side, immediate resistance will be seen at 7,529.27. Closing above 7,529.27, NIFTY PSU BANK share price will see a sharp breakout. Major resistance for NIFTY PSU BANK share price will be seen at 7,672.53 for the week.

Trading range for NIFTY PSU BANK share price for this week should be between 6,939.07 on down side and 7,824.37 on up side.

NIFTY PSU BANK Previous Week High: 7520.7

NIFTY PSU BANK Previous Week Low: 7225.6

NIFTY PSU BANK Previous Week Range: 295.1 Points

NIFTY PSU BANK share price support and resistance for the week (June 03, 2024 – June 07, 2024)

Level Type	Value
Resistance 3	7,824.37
Resistance 2	7,672.53
Resistance 1	7,529.27
Support 1	7,234.17
Support 2	7,082.33
Support 3	6,939.07

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INDEX OUTLOOK MARKET OUTLOOK NIFTY PSU BANK

NIFTY PSU BANK Outlook for the Week (May 27, 2024 – May 31, 2024)

CRON USERMay 24, 2024

May 24, 2024

NIFTY PSU BANK closed the previous week on a negative note losing 4.14%.

Technically, NIFTY PSU BANK share price will see immediate support at 7,178.88 and immediate resistance would be seen at 7,486.53.

If NIFTY PSU BANK share price closes below immediate support of 7,178.88, then sharp breakdown can be seen. NIFTY PSU BANK share price will see major support at 6,998.72 for the week.

On the positive side, immediate resistance will be seen at 7,486.53. Closing above 7,486.53, NIFTY PSU BANK share price will see a sharp breakout. Major resistance for NIFTY PSU BANK share price will be seen at 7,614.02 for the week.

Trading range for NIFTY PSU BANK share price for this week should be between 6,871.23 on down side and 7,794.18 on up side.

NIFTY PSU BANK Previous Week High: 7433.85

NIFTY PSU BANK Previous Week Low: 7126.2

NIFTY PSU BANK Previous Week Range: 307.65 Points

NIFTY PSU BANK share price support and resistance for the week (May 27, 2024 – May 31, 2024)

Level Type	Value
Resistance 3	7,794.18
Resistance 2	7,614.02
Resistance 1	7,486.53
Support 1	7,178.88
Support 2	6,998.72
Support 3	6,871.23

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INDEX OUTLOOK MARKET OUTLOOK NIFTY PSU BANK

NIFTY PSU BANK Outlook for the Week (May 20, 2024 – May 24, 2024)

CRON USERMay 17, 2024

May 17, 2024

NIFTY PSU BANK closed the previous week on a negative note losing 5.13%.

Technically, NIFTY PSU BANK share price will see immediate support at 6,895.70 and immediate resistance would be seen at 7,265.30.

If NIFTY PSU BANK share price closes below immediate support of 6,895.70, then sharp breakdown can be seen. NIFTY PSU BANK share price will see major support at 6,682.15 for the week.

On the positive side, immediate resistance will be seen at 7,265.30. Closing above 7,265.30, NIFTY PSU BANK share price will see a sharp breakout. Major resistance for NIFTY PSU BANK share price will be seen at 7,421.35 for the week.

Trading range for NIFTY PSU BANK share price for this week should be between 6,526.10 on down side and 7,634.90 on up side.

NIFTY PSU BANK Previous Week High: 7207.8

NIFTY PSU BANK Previous Week Low: 6838.2

NIFTY PSU BANK Previous Week Range: 369.6 Points

NIFTY PSU BANK share price support and resistance for the week (May 20, 2024 – May 24, 2024)

Level Type	Value
Resistance 3	7,634.90
Resistance 2	7,421.35
Resistance 1	7,265.30
Support 1	6,895.70
Support 2	6,682.15
Support 3	6,526.10

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INDEX OUTLOOK MARKET OUTLOOK NIFTY PSU BANK

NIFTY PSU BANK Outlook for the Week (May 13, 2024 – May 17, 2024)

CRON USERMay 10, 2024

May 10, 2024

NIFTY PSU BANK closed the previous week on a negative note losing 7.27%.

Technically, NIFTY PSU BANK share price will see immediate support at 6,871.88 and immediate resistance would be seen at 7,421.93.

If NIFTY PSU BANK share price closes below immediate support of 6,871.88, then sharp breakdown can be seen. NIFTY PSU BANK share price will see major support at 6,669.42 for the week.

On the positive side, immediate resistance will be seen at 7,421.93. Closing above 7,421.93, NIFTY PSU BANK share price will see a sharp breakout. Major resistance for NIFTY PSU BANK share price will be seen at 7,769.52 for the week.

Trading range for NIFTY PSU BANK share price for this week should be between 6,321.83 on down side and 7,971.98 on up side.

NIFTY PSU BANK Previous Week High: 7567.05

NIFTY PSU BANK Previous Week Low: 7017

NIFTY PSU BANK Previous Week Range: 550.05 Points

NIFTY PSU BANK share price support and resistance for the week (May 13, 2024 – May 17, 2024)

Level Type	Value
Resistance 3	7,971.98
Resistance 2	7,769.52
Resistance 1	7,421.93
Support 1	6,871.88
Support 2	6,669.42
Support 3	6,321.83

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{"buy_point":[{"en_ltd":"2024-04-22","en_sup_p_91":"7021.77","en_sup_t_91":"6917.01","prev_close":"6933.25","en_close":"7146.15","new_date":"Apr 22","prev_close_no":6933}],"sell_point":[{"en_ltd":"2024-05-06","en_sup_p_91":"7460.79","en_sup_t_91":"7565.81","prev_close":"7528.70","en_close":"7252.85","new_date":"May 6","prev_close_no":7528},{"en_ltd":"2024-04-15","en_sup_p_91":"7133.22","en_sup_t_91":"7216.78","prev_close":"7198.70","en_close":"7056.10","new_date":"Apr 15","prev_close_no":7198}]}

INDEX OUTLOOK MARKET OUTLOOK NIFTY PSU BANK

NIFTY PSU BANK Outlook for the Week (May 06, 2024 – May 10, 2024)

CRON USERMay 3, 2024

May 3, 2024

NIFTY PSU BANK closed the previous week on a negative note losing 4.18%.

Technically, NIFTY PSU BANK share price will see immediate support at 7,367.02 and immediate resistance would be seen at 7,688.17.

If NIFTY PSU BANK share price closes below immediate support of 7,367.02, then sharp breakdown can be seen. NIFTY PSU BANK share price will see major support at 7,205.33 for the week.

On the positive side, immediate resistance will be seen at 7,688.17. Closing above 7,688.17, NIFTY PSU BANK share price will see a sharp breakout. Major resistance for NIFTY PSU BANK share price will be seen at 7,847.63 for the week.

Trading range for NIFTY PSU BANK share price for this week should be between 7,045.87 on down side and 8,009.32 on up side.

NIFTY PSU BANK Previous Week High: 7685.95

NIFTY PSU BANK Previous Week Low: 7364.8

NIFTY PSU BANK Previous Week Range: 321.15 Points

NIFTY PSU BANK share price support and resistance for the week (May 06, 2024 – May 10, 2024)

Level Type	Value
Resistance 3	8,009.32
Resistance 2	7,847.63
Resistance 1	7,688.17
Support 1	7,367.02
Support 2	7,205.33
Support 3	7,045.87

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