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Thursday, 24 May 2018

BANKNIFTY FUTURE ANALYSIS ON 24 MAY 2018

BANKNIFTY FUTURE UPDATE

BANK NIFTY TREND CHANGER LEVEL AT 25700


 BANK NIFTY ROLLOVER COST AT 24930

LAST ANALYSIS  we mentioned that long positions for the day can be taken above 25838 and short positions can be taken below 25740. BANK NIFTY has TAKEN SHORT position at 25740 and ACHEIVED  OUR TARGET 25650 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.

TODAY BNF  WEEKLY EXPIRY DAY OPTION WRITER MAY SHORT BANKNIFTY OPTION CALL SIDE 25800/25900/26000 CE AND PUT SIDE 25400/25300/25200 PE

BANK Nifty FUTURE  Levels for INTRADAY  are

Long above 25668 TARGET= 25775 -25950-26084 SL 25580

Short below 25550 TARGET= 25450- 25300-25210 SL 25630

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