BANKNIFTY WEEKLY OUTLOOK FOR 26 FEBRUARY TO 2 MARCH 2018

BANK NIFY WEEKLY UPDATE

BANKNIFTY OPEN 25324 HIGH WAS 25326 LOW AT 24781 AND CLOSE AT 25302

It was negative week, with the Bank Nifty down by 30 points  closing @25302. AS DISCUSS ON LAST ANALYSIS   Bank Nifty bulls need close above 25300 for a move 25550/25700. Big bullish move can be seen above 25920 for a move towards 26150. Bearish below 25100 for a move towards 24900/24510.

NOW Bulls were not able to close above 25300 and bear did close below 25100 but were able to do downside 1 ST target. For coming week  bulls need to trade above 25250 for a move back towards 25555/25800. Bearish below 25000 for a move towards 24900/24650.

BANK Nifty FUTURE  Levels for the WEEK are

Long above 25330 for 25455 - 25681 - 26036, SL 25150

Short below 25100 for 24900 - 24720 - 24600 , SL 25250

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