28 April 2018

BANKNIFTY NEXT WEEK PREDICTION & CHARTS FOR 30 APR TO 04 MAY 2018

WEEKLY RESISTANCE FOR BANKNIFTY: 25190, 25290, 25390, 25833
PIVOT POINT: 24947
WEEKLY SUPPORT FOR BANKNIFTY :  24747,24504,24060,23618
WEEKLY CHART FOR BANKNIFTY



















DAILY RESISTANCE FOR BANKNIFTY: 25618, 25768, 26210,26652
PIVOT POINT: 25326
DAILY SUPPORT FOR BANKNIFTY : 25251, 25176, 24884,24442
DAILY CHART FOR BANKNIFTY

bankNifty Rise To Near 2 Month Highs, Axis Bank Surges 9%

Bank Nifty opened the week at 25185, made a high of 25477, low of 24752 and closed the week at 25468. Thus it closed the week with a gain of 411 points. As the bank nifty is managing to trade above its 22 and 55&200 days moving averages with the RSI of 60, one may expect the targets of 25700/25900/26200 in the banknifty if it manages to sustain above the immediate support level of 25000/24900.
banknifty Still In Positive Momentum, Hold Long With Strict Sl 25000
Technically, BANKNIFTY is still in positive zone but. Some profit booking can be ruled . but every downfall is an opportunity to go long in the Bank Nifty. BANKNIFTY would be considered weak only below 25000 levels for bank Nifty. BANKNIFTY would see reversal if it is closes below 25000 levels. Overall, it is strong for long-term . Investors can go long at every dip. Bank Nifty may see some further temporary correction but traders should initiate short position only below 25000 levels until then hold long positions and take new long at every dip. bank nifty managed to close above 25500 levels. Or breaching this level. Bank nifty would force it to move towards 25700-25900-26000-26200 levels.

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