AjayKumar00

BANKNIFTY ANALYSIS ON 20 FEBRUARY 2018

NSE:BANKNIFTY   NIFTY BANK
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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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