1. Allahabad Bank
On our blog, we clearly indicated that
Albk looks positive above 71.80, our target was 88.00+
Just made high of 88.90
Now what to expect??
Weekly close above 88.0o will see
upside rally till 100—110 and then to 140++ mark in weeks to come.
Support intact at 71.80.
Support intact at 71.80.
2. Andhra Bank
Support at 64 and Resistance at 75
Break and sustain above 75 will take it
to 78---80.00 and then to 80.00+ mark in days to come else could touch its support
level of 64 again.
3. Bank of Baroda
On 23rd April 2017 We clearly indicated
if the future closed above the resistance of 171.5 then our target would be
185--193++. After closing above our given resistance level it has already made
a high of 197.
Now what to expect??
Support at 170 and Resistance 197
Break and sustain above 197 it can
touch 205—210 and then to 210+ mark, looks weak only if close below 170
4. Bank of India
Earlier we had given a buy call on Bank
of India around 163 and booked profit around 167. Trend still looking positive
on the chart.
Now what to expect??
Support at 150 and Resistance at 192
Above 192 rally remain continue till
215---220 and then to 220++ else could touch its support level of 150 again.
Further downside panic will see only
below 150.00
5. Canara Bank
On 28th April 2017 we had given buy
call on Canara Bank around 335 and booked full profit around 350.
On 4th May 2017 We again gave the buy
call around 397 and booked profit around 391 on the same day. We are still
bullish on the stock.
Now what to expect:
Support at 340 and Resistance at 394
Above 394 rally remain continue till
415 and then to 420++ else could touch its support level of 340 again.
6. IDBI Bank
We clearly indicated if future closes
above the resistance of 79.5 then we will see upside rally for our initial
targets of 83.--85.5. Above our resistance level the stock has already made a
high of 82.5 and still going up.
Now what to expect:
Support at 71 and Resistance at 85
Above 85 rally remain continue till
95-100 and then to 100+ else could touch its support level of 71 again.
7. Oriental Bank
On 26th April 2017 we had given a buy
call on Oriental Bank around 161 and rolled over the position to next contract
which discounted our buying to 157 which helped us to book a hefty profit when
we book our profit around 163.
Now what to expect??
Support at 157 and Resistance at 185
Above 185 rally remain continue till
220 and then to 220 + else could touch its support level of 157 again.
8. PNB
We clearly indicated if the future
closes above the resistance of 155 then we will see sharp upside rally. And
look what happened, as per our expectations we have seen a rally above our
resistance level and it has already made a high of 179.
Now what to expect:
Support at 150 and Resistance at 182
Above 182 rally remain continue till
202-205 and then to 210 + else could touch its support level of 150 again.
9. State Bank of India
We are bullish on the stock since the
banking sector has shown rally as it is the largest PSU bank in India, and
currently we are minting money on our running buy call.
Now what to expect??
Support at 280 and
Resistance at 300
Above 300 rally remain
continue till 315-317 and then to 320 + else could touch its support level of
157 again.
10. Syndicate Bank
On 11th April 2017 we clearly indicated
the above the resistance of 74 we will see upside rally for our initial targets
of 85--92 and look what happened, it has already made a high of 91.
Now what to expect:
Support at 75 and
Resistance at 91
Above 91 rally remain
continue till 100-107 and then to 107 + else could touch its support level of
91 again.
11. Union Bank
On 28th April 2017 we clearly indicated
that above our resistance level of 166 we will see sharp upside rally in the
stock and look what happened it has already made a high of 190.
Now what to expect:
Support at 170 and Resistance
at 190
Above 190 rally remain
continue till 220 and then to 220+ else could touch its support level of 170
again.
More will update soon!!
