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Sunday, 4 March 2018

BANKNIFTY FUTURE WEEKLY ANALYSIS ON 05 MARCH TO 09 MARCH 2018

BANKNIFTY FUTURE UPDATE

BANK NIFTY TREND CHANGER LEVEL AT 25250

 BANK NIFTY ROLLOVER COST AT 25010

For coming week  bulls need to trade above  24900 for a move back towards 25300/25700. Bearish below 24700 for a move towards 24600/24450.

NOW BANK NIFTY HAS SEEN STRONG SUPPORT ZONE 24782-24700 HOWEVER PAST WEEKS BANK NIFTY CONSISTENTLY FACING SELLING PRESSURE FROM 25650-25780 . LOOKING AT  24700 LEVEL APPEARING BIG GAP DOWN,BREAK DOWN BELOW 24600 CAN TEST 24450-24400 LEVEL 

 Nifty FUTURE  Levels for the WEEK are

Long above 25160 TARGET= 25466 - 25700 - 26100, SL 25050

Short below 24854 TARGET=24650 -24500-24290 SL 25010

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