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Saturday, 19 May 2018

BANKNIFTY FUTURE WEEKLY ANALYSIS ON 21 MAY TO 25 MAY 2018

BANKNIFTY FUTURE UPDATE


BANK NIFTY TREND CHANGER LEVEL AT 26100

 BANK NIFTY ROLLOVER COST AT 24930

we mentioned that long positions for the day can be taken above 26450 and short positions can be taken below 26150. BANK NIFTY has TAKEN LONG position at 26450 and ACHEIVED OUR TARGET 26880 LEVEL

bank nifty as per time analysis 21 MAY AND 24 MAY is gann pressure dates we can see impulse move around these dates

For coming week  bulls need to trade above  26450 for a move back towards 26700/27100. Bearish below 26100 for a move towards 25900/ 25300/24950.

BANK Nifty FUTURE  Levels for the WEEK are

Long above 26210 TARGET= 26350-26550-26800 SL 26130

Short below 25810 TARGET=25720-25610-25250 SL 25920


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