banknifty weekly- next target zone around 18050

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.

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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