ALBK
Support at 71.80 and Resistance at 76.50
Three consecutive close + weekly close above 76.50 will take it 78.50—80.00 and then to 88.00+ mark in days to come else could touch its support level of 71.80 again.
Fresh selling can be initiated below 71.80.
Andhra Bank
Support at 58.50 and Resistance at 62.00
Break and sustain above 62.00 will take it to 64.50---68.00 and then to 70.00+ mark in days to come else could touch its support level of 58.50 again.
Further downside panic will see below 58.50 only.
Bank of Baroda
Support at 175 and Resistance 182.50
Above 182.50 it can touch 190—195 and then to 200+ mark, looks weak only if close below 175.00
Trade with levels only.
Bank of India
Support at 148 and Resistance at 155
Above 155 rally remain continue till 160---165 and then to 175++ else could touch its support level of 148 again.
Below 148 it can touch 145—140 mark.
Canara Bank
Hurdle at 332, above 322 it can touch 340—344 and then to 350+ mark in days to come.
Support and stop loss intact at 325.00
IDBI Bank
Support at 71.00 and Resistance at 75.00
Break and sustain above 75.00 will take it to 78.00—82.00 and then to 85++ mark.
Looks weak only if closes below 71.00
Oriental Bank
Support at 147 and Resistance at 158
Trading in range either side breakout with volumes will decide further, till then traders can trade in range with strict stop loss.
Punjab National Bank
Support 154 and Resistance 160
Three consecutive close + weekly close above 160 will take it to 165—172 and then to 178++ mark.
Fresh selling can be initiated below 154.00
Trade with levels only.
SBIN
Support at 279 and Hurdle at 292
Above 292 it can touch 298—305 and then to 320+ mark in days to come else could touch its support level of 279 again.
Further downside panic will see below 279
Syndicate Bank
Support at 70 and Resistance at 76
Weekly close above 76 will take it to 80.00—82.00 and then to 90+ mark in days to come else could touch its support level of 70.00
Fresh selling only below 70.00
Union Bank
Hurdle at 165 , Close above 165 will take it to 175—180+ mark in days to come.
Support and stop loss below 155.00
More will update soon!!
