Banknifty future weekly-hit target 22700 and high 22985

BankNifty future weekly technical analysis report for 15 to 19 may 2017

BankNifty future weekly technical analysis report for 15 to 19 may 2017

Banknifty future this week closed at 22684 with loss. Banknifty future 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 banknifty option 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.

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Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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