NIFTY & BANKNIFTY Weekly Plan
---- WEEKLY ANALYSIS 18 JAN ---------------
NIFTY & BANKNIFTY both had a bearish close, and hence will look for rotational continuation as a primary scenario this week.
NIFTY Futures : Weekly Trend decider at 14565. This forms the reference for a bias (bullish/ bearish )
1. Hold below look to tgt 14325/14215
2. Fail to hold below , move above for tgt of 14635/14770
BANKNIFTY Futures: Weekly Trend decider at 32475 areas.
1. Hold below that for a move to 31900/31550
2. Hold above that look for bullish continuation for a move to 32700/33100
Note : other key downside references are marked on the right with markers.
NIFTY & BANKNIFTY both had a bearish close, and hence will look for rotational continuation as a primary scenario this week.
NIFTY Futures : Weekly Trend decider at 14565. This forms the reference for a bias (bullish/ bearish )
1. Hold below look to tgt 14325/14215
2. Fail to hold below , move above for tgt of 14635/14770
BANKNIFTY Futures: Weekly Trend decider at 32475 areas.
1. Hold below that for a move to 31900/31550
2. Hold above that look for bullish continuation for a move to 32700/33100
Note : other key downside references are marked on the right with markers.
Comment:
#banknifty exact turnaround from the weekly trend decider areas.. what a move, what a play
