Banknifty future weekly-hit high 22960 heading for 23075 and 23750

BankNifty future weekly technical analysis report for 22 to 26 may 2017

BankNifty future weekly technical analysis report for 22 to 26 may 2017

Banknifty future this week closed at 22835 with gain. Banknifty future is in strong bullish trend and after last week’s correction resumed primary long term uptrend for higher levels. Banknifty future trend and outlook will remain bullish and strategy remain buy on dips above support zones 22730 and 22510 on daily closing basis. On upside 22960 was first short term target and then 23185 will be next. Above 22500 banknifty option traders can use buy on dips trading strategy for banknifty 22500 call options for big upside targets till May expiry.   Banknifty future from investment view hit 2017 target of 21400 and now heading for my next target 24650.

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Pramod Baviskar

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