banknifty weekly predictions for 30 nov. to 4 dec. 2015
banknifty this week closed with gain at 17370.
this was third positive week for banknifty index.
on weekly chart , price and indicators pattern suggesting
strong bullish rally in medium to long terms.
for next week, banknifty target zone as well as resistance
will be around 18050 while on downside 16900 and 17200 are
support zones as well as stop loss for traders.
long term view, this recovery rally has its target around 19000
which might be expected in jan or feb 2016.
traders hold long positions with stoploss
for target 17460 and then 18050.
option traders hold 17200 call options for big gains.