banknifty weekly analysis on 16 april to 20 april 2018

banknifty future update

BANK NIFTY TREND CHANGER LEVEL AT 24500

 BANK NIFTY ROLLOVER COST AT 24260

bank nifty as per time analysis 16 AND 19 april is gann pressure dates, we can see impulse move around these dates

For coming week  bulls need to trade above  24450 for a move back towards 24700/25300. Bearish below 24250 for a move towards 23900/23650.

NOW BANK NIFTY HAS SEEN STRONG RESISTANCE ZONE 25650-25780 and now bull should protect 24900 level up move towards 25500/25700/2630 .  BEARISH BELOW 24550 CAN TEST 24100-23950-23600 LEVEL 

 Nifty FUTURE  Levels for the WEEK are

Long above 25390 TARGET= 25450 - 25660 - 25900, SL 25250

Short below 25150 TARGET=24950 -24810-24600 SL 24260

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