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Wednesday, 16 May 2018

BANKNIFTY FUTURE ANALYSIS ON 17 MAY 2018

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 26610 and short positions can be taken below 26440. BANK NIFTY has TAKEN SHORT position at 26440 and ACHEIVED OUR TARGET 26150 LEVEL

TOMMOROW WEEKLY EXPIRY DAY OPTION WRITER MAY SHORT BANKNIFTY OPTION CALL SIDE 26400/26500/26600 CE AND PUT SIDE 26000/25900/25800

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 26270 TARGET= 26409 ,26584-26700 SL 26150

Short below 26130  TARGET= 26060-25970-25749 SL 26260

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