AjayKumar00

BANKNIFTY FUTURE WEEKLY ANALYSIS ON 26 FEBRUARY TO 2 MARCH 2018

NSE:BANKNIFTY   NIFTY BANK
BANKNIFTY OPEN 25324 HIGH WAS 25326 LOW AT 24781 AND CLOSE AT 25302

It was negative week, with the Bank Nifty down by 30 points closing @25302. AS DISCUSS ON LAST ANALYSIS Bank Nifty bulls need close above 25300 for a move 25550/25700. Big bullish move can be seen above 25920 for a move towards 26150. Bearish below 25100 for a move towards 24900/24510.

NOW Bulls were not able to close above 25300 and bear did close below 25100 but were able to do downside 1 ST target. For coming week bulls need to trade above 25250 for a move back towards 25555/25800. Bearish below 25000 for a move towards 24900/24650.

BANK Nifty FUTURE Levels for the WEEK are

Long above 25330 for 25455 - 25681 - 26036, SL 25150
Short below 25100 for 24900 - 24720 - 24600 , SL 25250

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