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Tuesday 15 May 2018

BANKNIFTY FUTURE ANALYSIS ON 16 MAY 2016

BANKNIFTY FUTURE UPDATE

BANK NIFTY TREND CHANGER LEVEL AT 26300


 BANK NIFTY ROLLOVER COST AT 24930

 LAST ANALYSIS we mentioned that long positions for the day can be taken above 26550 and short positions can be taken below 26440. BANK NIFTY has TAKEN LONG position at 26550 and ACHEIVED OUR TARGET 26973 LEVEL

For coming week  bulls need to trade above  26100 for a move back towards 26300/26700/27100. Bearish below 25700 for a move towards 25300/24950.

BANK Nifty FUTURE  Levels for INTRADAY  are

Long above 26610 TARGET= 26750 ,26884-27300 SL 26490

Short below 26440  TARGET= 26360-26150-25970 SL 26560

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