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Sunday, 6 May 2018

BANKNIFTY WEEKLY ANALYSIS ON 07 MAY TO 11 MAY 2018

BANKNIFTY FUTURE UPDATE

BANK NIFTY TREND CHANGER LEVEL AT 25700


 BANK NIFTY ROLLOVER COST AT 24930

bank nifty as per time analysis 09 MAY is gann pressure dates we can see impulse move around these dates

For coming week  bulls need to trade above  25300 for a move back towards 25700/26100. Bearish below 24950 for a move towards 24500/ 24300/23950.

NOW BANK NIFTY HAS SEEN STRONG RESISTANCE ZONE 25650-25780 and now bull should protect 24900 level up move towards 25500/25700/2630 .  BEARISH BELOW 24550 CAN TEST 24100-23950-23600 LEVEL 

 Nifty FUTURE  Levels for the WEEK are

Long above 25735 TARGET= 25825-25945-26160 SL 25650

Short below 25610 TARGET=25480-25280-25150 SL 25710

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