Dalal street winners banknifty future April 2017 technical report
Banknifty future on last trading session closed at 21482 with loss. Banknifty future price trend and momentum is strong bullish and we are seeing strong buying after every small corrections. For month of April 2017, banknifty future technical outlook is bullish above 21230 support. On upside traders can expect 21950 and then 22400 for this April series.
Banknifty weekly closing above 22400 will trigger super bullish short covering rally for big targets of 23150 to 23600.
Banknifty traders above 21230 keep buy on dips trading strategy with stop loss and expect positional swing targets at 21950 and then 22400 till this expiry.
If banknifty future gives breakdown below 21230 with strong price action and on volume then that will be corrective signal and retracement might happen up to 20800 to 20050.
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