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Wednesday, 30 May 2018

BANKNIFTY FUTURE ANALYSIS ON 31 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 26260 and short positions can be taken below 26130 .NIFTY has TAKEN LONG position at 26260 and ACHEIVED OUR  TARGET AT 26350 LEVEL

For coming week  bulls need to trade above  26290 for a move back towards 26500/26700/27100. Bearish below 26050 for a move towards 25700/ 25500/25300.

TOMORROW IS WEEKLY EXPIRTY ON BANKNIFTY FUTURE OPTION WRITER MAY SHORT THE CALL SIDE 26600/26700/26800 CE AND PUT SIDE 26000/25900/25800 PE

BANK Nifty FUTURE  Levels for the INTRADAY are

Long above 26350 TARGET= 26450-26660-26750 SL 26230

Short below 26170 TARGET=26020-25910-25650 SL 26280

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