AjayKumar00

BANKNIFTY WEEKLY OUTLOOK FOR 19 MARCH TO 23 MARCH 2018

NSE:BANKNIFTY   NIFTY BANK
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BANK NIFTY TREND CHANGER LEVEL AT 25250

BANK NIFTY ROLLOVER COST AT 25010

LAST ANALYSIS WE MENTIONED GO LONG TRADE AT 24550 AND SHORT TRADE AT 24050 AND
LONG TRADE HAS TAKEN AND ACHEIVED OUR 2 TARGET=24760 HIGH WAS 25060 NOW BULL SHOULD PROTECT TEST T 24550 LEVEL FOR CAN TEST 24800/25300 AND BEARISH BELOW 24250 CAN TEST 23900/23600 LEVEL

For coming week bulls need to trade above 24450 for a move back towards 24700/25300. Bearish below 24250 for a move towards 23900/23650.

NOW BANK NIFTY HAS SEEN STRONG RESISTANCE ZONE 24882-24940 HOWEVER PAST WEEKS BANK NIFTY CONSISTENTLY FACING SELLING PRESSURE FROM 25650-25780 . BEARISH BELOW 24250 CAN TEST 23950-23600 LEVEL

Nifty FUTURE Levels for the WEEK are

Long above 24700 TARGET= 24850 - 24960 - 25200, SL 24550

Short below 24450 TARGET=24250 -24010-23800 SL 24560
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