Banknifty future daily chart analysis
Banknifty future of March expiry last closed at 27885 with gain. In this week banknifty future was up for 5 days and down for 0 day. We saw strong recovery in banknifty future from 26800 bottom and now hit high above 27900. Banknifty future in March series above 27100 were bullish and buy and accumulate for targets 27500 and then 28050 and banknifty done 27500 target and now approaching 28050 level with high of 27900+ in this week.
This week banknifty 27500 call options rallied from 235 to 593 gained by 358 rupees or minted 152% returns. For next week watch banknifty 28000 call options of March expiry will remain buy on dips with stop loss below 27500 levels.
Banknifty future weekly chart analysis
Banknifty future on weekly chart showing gains for the week. Third weekly gains for banknifty futures. This week’s banknifty future rallied from low of 27k to high of 27920 means almost 900 points rally and strong closing for this banking index.
From long term view, banknifty future above 26500 will remain buy and accumulate and on upside 29200 and then 31200 are my 2019 investment target zones and banknifty already started journey towards it.
For genuine banknifty future tips and banknifty option tips with support and follow ups, subscribe to our F&O advisory services.
Share It
BLOG AUTHOR
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.
0 comments:
Post a Comment