S&P CNX NIFTY INDEX FUTURESDiupdate NIFTY & BANKNIFTY Weekly Plan
--------------WEEKLY ANALYSIS 04 JAN ---------------
post the year end week - where last few days were muted. That has provided a good range break out play opportunity
NIFTY Futures: Weekly Trend decider at 14010F also VPOC of last week at 13982F. This forms a good area for a bearish bullish bias.
1. Hold of that for a long side play to test 14130/14290
2. Hold below that for a test to 13880/13780
BANKNIFTY Futures: Weekly Trend Decider at 13130F.
1. hold of that of that for a test of 13540/13830
2. Hold below that for move to 30770/30630
with the recent break down more inclined for a downside continuation, once we see a close below the trend decider levels.
post the year end week - where last few days were muted. That has provided a good range break out play opportunity
NIFTY Futures: Weekly Trend decider at 14010F also VPOC of last week at 13982F. This forms a good area for a bearish bullish bias.
1. Hold of that for a long side play to test 14130/14290
2. Hold below that for a test to 13880/13780
BANKNIFTY Futures: Weekly Trend Decider at 13130F.
1. hold of that of that for a test of 13540/13830
2. Hold below that for move to 30770/30630
with the recent break down more inclined for a downside continuation, once we see a close below the trend decider levels.
Catatan
Both NIFTY and BANKNIFTY both took support at the trend decider levels. There was not a single close below the trend decider.
BANKNIFTY upside targets done at Tgt 2
NIFTY upside targets done at Tgt1
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