Weekly Nifty & BankNifty outlook, chart analysis ideas, and key levels — updated regularly by Deepak Sir for students across Palghar from Dahanu to Virar. Bookmark this page and check every Monday.
Deepak Sir's view on Nifty & BankNifty for the week — key support, resistance, bias, and events to watch.
Nifty has formed a higher low above 24,200 — this is a positive sign. As long as we hold above this level, the bias stays bullish for the week. Watch the 24,800 zone closely — a strong close above it on daily timeframe opens the path to 25,200. BankNifty remains in a tight range between 52,000–53,500. Avoid aggressive positions until a clear breakout. F&O expiry this week — expect volatility on Thursday.
TradingView screenshots with Deepak Sir's annotations — support/resistance zones, trade setups, and market structure. Updated 2–3 times per week.
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Nifty has formed a strong demand zone between 24,200–24,350. Price is respecting the higher low structure on the daily chart. RSI is at 58 — room to move up. Watch for a breakout above 24,800 for fresh longs. Stop loss for longs below 24,150.
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BankNifty is consolidating within a 52,000–53,500 range on the weekly chart. This is a classic accumulation zone. Wait for a clear breakout with volume above 53,500 before taking long trades. Bears need a close below 52,000 for any downside momentum.
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Reliance has broken out of a 3-month consolidation pattern on strong volume. The breakout level is now acting as support near 1,420. A pullback to 1,420–1,440 is a high-probability buy zone. Target 1,520–1,550. SL below 1,390.
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Gold on MCX continues its uptrend. Strong support at ₹92,000 per 10g. The weekly candle structure shows no sign of reversal. Any dip to ₹91,500–₹92,000 is a buy opportunity for swing traders. First target ₹96,000.
Deepak Sir shares one free study note or PDF every week. Download, read, and apply it to your charts.
F&O expiry dates, RBI policy meetings, market holidays, and key economic events for the month.