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Friday 18 May 2018

BANKNIFTY FUTURE ANALYSIS on 18 MAY 2018

BANKNIFTY FUTURE UPDATE

BANK NIFTY TREND CHANGER LEVEL AT 26100

 BANK NIFTY ROLLOVER COST AT 24930

LAST ANALYSIS we mentioned that long positions for the day can be taken above 26270 and short positions can be taken below 26130. BANK NIFTY has TAKEN SHORT position at 26130 and ACHEIVED OUR TARGET 26060 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 26150 TARGET= 26235 ,26384-26500 SL 26050

Short below 26030  TARGET= 25970-25849-25700 SL 26130

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