PowerTrades

NIFTY & BANKNIFTY Weekly Plan

NSE:NIFTY1!   S&P CNX NIFTY INDEX FUTURES
------------- WEEKLY ANALYSIS 28 DEC -----------------------
This will be the follow up of a strong reversal week , hence expecting bullishness to continue.
We will be looking for hold above the weekly trend decider for a bullish bias for upside targets.
NIFTY: Pullback and hold of 13650F and now 13800F will look to stay bullish for upside tgts.
Hold below 13800F look to test 13650F areas.

BANKNIFTY: look to hold 30300-500F zones for a bullish bias.
Upside tgts are 31100F and 31530F
Comment:
Banknifty top exactly at the upside tgt 2 and NIFTY also doing Target 1 and holding that as a support level.
banknifty now 31000-100F will be the immediate support level

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