Saturday, January 22, 2022

Weekly Review - 24.01.2022

 Dear All,

>>> NIFTY Hourly Chart <<<


Nifty on Key support @ 17590, If Holds may find Resistance @ 17920 / 18020.

No Holding Now.

>>> Bank NIFTY Daily Chart <<<


Watch Key Support - If fails to hold 35850 - all Bank Stocks may be in trouble.

>>> NIFTY MidCap Index - Daily Chart <<<


Very Important Support @ 30325 if Holds - May trigger Rally in all Mid Cap Stocks.

>>> Nifty Pharma Index - Daily Chart <<<


Pharma Index showing a clear Weakness, Means more downside Possible in all Pharma Stocks. Caution Advised.

>>> NIFTY Metal Index - Daily Chart <<<


Unless Metal Index cross above 5920, looks weak and if breaks below 5600 more fall likely. Watch Metal Stocks for weakness below 5600.

>>> Tata Steel - Daily Chart - Bearish Outlook <<<


Key Resistance @ 1245 / Support @ 1145. Break below 1145 Support may test next support @ 1060-1050 & 960 also.