NAMN FINANCIAL ADVISORY 

*View on Nifty* 🖊🔎

- Nifty on a 4 hours scale forming a set of 4 candles and then moving up with a gap of around 50 odd points is last six trading days, which can be further predicted by SGX Nifty as it recently closed above at 9951.50 level

- Nifty on a daily scale formed a small red candle with long lower shadow after opened gap up, which clearly indicates it has recovered from the lower levels and closed near to 9900 level & likely to move up

- Nifty on a weekly scale formed a big bullish sized candle indicating the strength in bullish sentiments in market and has touched a life time high of 9913 and likely to touch 10000 level in upcoming week

- Overall Nifty is in strong uptrend on both daily & weekly scale with immediate support level at 9820-9830 levels & significant addition in Put writing at 9900 level justifying the same

*View on Bank Nifty* 🖊🔎

- Nifty Bank is also in strong uptrend both on weekly & daily scale having 23700 as immediate support and can extend the existing bull rally up to 24200-24300 levels in the upcoming week.

- At current levels, there is room in banking stocks to shine more by around 5-6 % in the near term. Some of the best names can be SBI Bank, PNB, Kotak Bank, Federal Bank etc.

*View on USD/INR* 🖊🔎

- USD/INR continue to be range bound within 64.50 - 65.00 levels in the near term

*Sectors with Positive Outlook* 🖊🔎

- Banks & Pharma
- Metals

*Stocks with positive outlook* 🖊🔎

- Sunpharma, Auropharma, Dr. Reddys
- Hindalco, Kotak Bank

Regards
CA PANKAJ CHHABRA