BankNifty future weekly technical analysis report for 15 to 19 may 2017
Banknifty future this week closed at 22684 with loss.is also in strong bullish trend and this week taken breather with small correction. Banknifty future trend and outlook will remain bullish and strategy remain buy on dips above support zones 22600 and 22500 on daily closing basis. On upside 22700 was first swing target which got achieved while next was 23050 and banknifty hit record high of 22985 already. Above 22500 traders can use buy on dips trading strategy for banknifty 22700 call options for big upside targets up to 450 to 550. Banknifty future from investment view hit 2017 target of 21300 and now heading for my next target 24550.