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Thursday, 12 July 2018

BANKNIFTY FUTURE ANALYSIS ON 12 JULY 2018

BANKNIFTY FUTURE UPDATE

BANK NIFTY TREND CHANGER LEVEL AT 26500


 BANK NIFTY ROLLOVER COST AT 26490

For coming week  bulls need to trade above  26590 for a move back towards 26750/26950/27250 Bearish below 26370 for a move towards 26250/26050/25850

now bank nifty has IMPORTANT  crucial level at 26500 AND monthly basic bull should protect 26100 will have upper hand can test upto 26900-27300-27600  and below close 25700 level  bear have  upper hand  can test upto 25500/25300/24900 levels.

TODAY BNF  WEEKLY EXPIRY DAY OPTION WRITER MAY SHORT BANKNIFTY OPTION CALL SIDE 27000/ 27100/27200 CE AND PUT SIDE 26500/26400/26300 PE

BANK Nifty FUTURE  Levels for the INTRADAY are

Long above 26800 TARGET= 26860-26950-27050 SL 26750

Short below 26730 TARGET=26680-26590-26516 SL 26790

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