BANKNIFTY weekly-recovery rally hit 25050 and 25590 TGTs now watch for bullish breakout for TGTs 26050-26600

BANKNIFTY outlook for next week 18 dec. to 22 dec. 2017


banknifty future this week closed at 25528 with gain. banknifty future taken support at 25000 and sharp short covering rally hit recovery targets 25050 and then 25590.

now banknifty is near breakout and 25620 will remain major hurdle on upside. above it expect bullish trend and upside targets up to 26050 and then 26600.

banknifty 25000 call options this week rallied from low from 355 to high of 707 rupees.

above 25600, follow buy and accumulate view in banknifty 25500 call options of next expiry for big gains.

from long term view, banknifty future above 24650, remain super bullish for targets 28600 and then 31900.


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Pramod Baviskar

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