Banknifty weekly-see value buying below 18400 TGTS 19k and 19460

Bank Nifty weekly predictions for 28 Nov. to 2 Dec. 2016

Bank Nifty weekly predictions for 28 Nov. to 2 Dec. 2016

Bank nifty future this week closed at 18553 with loss. This was second weekly loss for banknifty future but technically trading in oversold area on weekly chart.
Bank nifty after breakdown below 19460 achieved downside targets of 19000 and 18400. Bank nifty future on daily as well as weekly chart is oversold and trading at bottom. On downside 18400 is last bottom support and below it banknifty is seeing strong value buying.
On upside traders can expect strong reversal targets at 19000 and 19460. Trend will change above 19460 only for the December series. Banknifty future traders use dips below 18400 to buy and accumulate and keep positional targets at 19000 and then 19460.
Bank nifty option traders keep buy on dips view in next month’s banknifty 19500 and 20000 call options with stop loss. Expect big gains in medium terms.
Investors watch for strong reversal rally above 18800 for longer term targets 20800 and above.

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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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