BANKNIFTY WEEKLY ANALYSIS ON 12 MARCH TO 16 MARCH 2018

BANKNIFTY UPDATE

BANK NIFTY TREND CHANGER LEVEL AT 25250

 BANK NIFTY ROLLOVER COST AT 25010

LAST ANALYSIS WE MENTIONED  GO LONG TRADE AT 25160 AND SHORT TRADE AT 24854 AND 

LONG TRADE HAS TAKEN AND ACHEIVED OUR 1ST TARGET=25466 NOW BULL SHOULD PROTECT TEST T 24250LEVEL FOR CAN TEST 24700/25300 AND BEARISH BELOW 24010 CAN TEST 23900/23600 LEVEL

For coming week  bulls need to trade above  24450 for a move back towards 24700/25300. Bearish below 24100 for a move towards 23900/23650.

NOW BANK NIFTY HAS SEEN STRONG SUPPORT ZONE 24782-24700 HOWEVER PAST WEEKS BANK NIFTY CONSISTENTLY FACING SELLING PRESSURE FROM 25650-25780 .  BEARISH BELOW 24100 CAN TEST 23950-23600 LEVEL 

 Nifty FUTURE  Levels for the WEEK are

Long above 24550 TARGET= 24610 - 24760 - 25100, SL 24150

Short below 24050 TARGET=23950 -23800-23600 SL 24160

FOLLOW ON FACEBOOK PAGE CLICK  https://www.facebook.com/ajaytechnicalanyasis/

CLICK FOLLOW BUTTON ON BLOG CLICK  https://ajaytechnicalanalysis.blogspot.in