AjayKumar00

BANKNIFTY ANALYSIS ON 20 FEBRUARY 2018

NSE:BANKNIFTY   NIFTY BANK
BANKNIFTY             FUTURE TREND CHANGER LEVEL AT 25250
Had mentioned that long positions can be taken above 25280 for the day and short positions can be taken below 25100 . Bank Nifty             triggered our SHORT trade at 25100 achieved 2 targetsB . Now for this week Bank Nifty             has to sustain / close above 25600 to test 26050 - 26125 initially and above it we can see 26385 - 26670 next . Similarly this week if Bank Nifty             sustains / closes below 25180 we can see a test of 24880 - 24800 initially and below it we can see a test of 24545 - 24260 next .

Bank Nifty             FUTURE Levels for the day are

Long above 25130 for 25265 – 25415 – 25620 , SL 25050

Short below 24900 for 24800 – 24650 – 24550 , SL 25010

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