BANKNIFTY FUTURE WEEKLY ANALYSIS ON 05 MARCH TO 09 MARCH 2018
BANK NIFTY TREND CHANGER LEVEL AT 25250
BANK NIFTY ROLLOVER COST AT 25010
LAST ANALYSIS mentioned that long positions for the day can be taken above 10430 and short positions can be taken below 10330 . Nifty triggered our LONG trade for the day and completed 1ST targets . As mentioned in the previous post " Now this week Nifty has to sustain / close above 10310 to test 10450 - 10675 initially and above it till 10765 - 10860 next . For a further downmove this week Nifty has to sustain / close below 10250 to test 10210 - 10185 initially and below it till 10145 - 10100 next ..
For coming week bulls need to trade above 10250 for a move back towards 10500/10765. Bearish below 10100 for a move towards 10000/9900.
NOW BANK NIFTY HAS SEEN STRONG SUPPORT ZONE 24782-24700 HOWEVER PAST WEEKS BANK NIFTY CONSISTENTLY FACING SELLING PRESSURE FROM 25650-25780 . LOOKING AT 24700 LEVEL APPEARING BIG GAP DOWN,BREAK DOWN BELOW 24600 CAN TEST 24450-24400 LEVEL
Nifty FUTURE Levels for the WEEK are
Long above 25160 TARGET= 25466 - 25700 - 26100, SL 25050
Short below 24854 TARGET=24650 -24500-24290 SL 25010
BANK NIFTY ROLLOVER COST AT 25010
LAST ANALYSIS mentioned that long positions for the day can be taken above 10430 and short positions can be taken below 10330 . Nifty triggered our LONG trade for the day and completed 1ST targets . As mentioned in the previous post " Now this week Nifty has to sustain / close above 10310 to test 10450 - 10675 initially and above it till 10765 - 10860 next . For a further downmove this week Nifty has to sustain / close below 10250 to test 10210 - 10185 initially and below it till 10145 - 10100 next ..
For coming week bulls need to trade above 10250 for a move back towards 10500/10765. Bearish below 10100 for a move towards 10000/9900.
NOW BANK NIFTY HAS SEEN STRONG SUPPORT ZONE 24782-24700 HOWEVER PAST WEEKS BANK NIFTY CONSISTENTLY FACING SELLING PRESSURE FROM 25650-25780 . LOOKING AT 24700 LEVEL APPEARING BIG GAP DOWN,BREAK DOWN BELOW 24600 CAN TEST 24450-24400 LEVEL
Nifty FUTURE Levels for the WEEK are
Long above 25160 TARGET= 25466 - 25700 - 26100, SL 25050
Short below 24854 TARGET=24650 -24500-24290 SL 25010