MTECHTIPS BANKNIFTY FUT intraday trading analysis 08-12-2016
MTECHTIPS BANKNIFTY FUT intraday trading analysis 08-12-2016
MTECHTIPS BankNifty Future Hit 17980 Target 17750 Banknifty Future Closed At 18285 With Loss. We Saw Sharp Drop In This Index Future On RBI Monetary Policy Announcement. Banknifty On Downside Have My Sell Target At 17750 And Today We Saw Low At 17980.Banknifty Tried To Gain And Hit High Around 18650. But Sell Off On News Given All Gain And Banknifty Future Is Now Heading Towards My Short Sell Target Of 17750. Below 17750 Next Very Bearish Target As Well As Support Will Be 16900.For Tomorrow, Banknifty Future Intraday Resistances Are 18375 And Then 18650. On Downside 17980 And 17750 Are Banknifty Future Intraday Support Zones.Banknifty Weekly Chart Suggesting 17300 As Medium Term Target For This Long Term Correction. Weekly Closing Below 17300 Means Long Term Downtrend Start And 15400 Target For This Index Future.
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