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Tuesday, 8 May 2018

BANKNIFTY FUTURE ANALYSIS ON 09 MAY 2018

BANKNIFTY FUTURE UPDATE

BANK NIFTY TREND CHANGER LEVEL AT 25700

 BANK NIFTY ROLLOVER COST AT 24930

AS PER TIME ANALYSIS 09 MAY IS GANN DATE AND WE  CAN SEE IMPULSE MOVE CAN SEEN ON THIS DATE

LAST ANALYSIS we mentioned that long positions for the day can be taken above 25900 and short positions can be taken below 25810 AND DUE TO GAP UP OPENING NO LEVEL DID NOT TAKEN SO NO TRADE

For coming week  bulls need to trade above  25700 for a move back towards 25900/26100/26500. Bearish below 25450 for a move towards 25300/24950/24700

BANK Nifty FUTURE  Levels for INTRADAY  are

Long above 25900 TARGET= 25980-26070-26100 , SL 25840

Short below 25810  TARGET= 25750-25670-25580 SL 25900

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