BANKNIFTY weekly-hit 24885 low, achieved 25k sell TGT, now watch 25500 resistance

BANKNIFTY future forecast for next week 11 dec. to 15 dec. 2017

 

BANKNIFTY future this week closed at 25368 with gain.BANKNIFTY future this week hit low at 24885 and high was at 25389. total 500+ points huge weekly range!!

below 25500 given sell for targets 25000 and then possibly 24400. we saw low of 24885 and banknifty achieved my 25000 bearish sell target.

now reversal move is near bullish breakout above 25500, if sustain breakout then expect short covering rally targets at 26050 and then 26600.

above 25500, follow buy and accumulate view in banknifty 25500 call options of next expiry for big gains.

from long term view, above 24650 will remain super bullish and will head towards 28660 and then 31900 investment targets.

 

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The Author

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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