Bank Nifty Today May 26th 2017: Bank Nifty on Friday opened in the red but after hitting 23,092 the day’s low, then the index started to gain strength to strength to hit the new historical highs and to close the day at 23,362.20. Bank Nifty is stronger the nifty.
Bank Nifty 26th May 2017 Intraday Movement:
Opening: 23,151.40, High: 23,408.35, Low: 23,092.35, Closing: 23,362.20
Bank Nifty Spot: 23,362.20 (+171.40)
Bank Nifty 29 JUN 2017 Expiry Futures: 23,256.95(+223.50)
Support: 22,750 and 22,500
Bank Nifty Forecast/Outlook for 29th May 2017: Bank Nifty formed a bullish candle and trading in uncharted territory shows the bank nifty is in the positive trend but Bank Nifty Jun Futures trading 106 points in the discount.so we suggest to be cautious on the move till the data backs the move.
Bank Nifty’s Negative Signal: Bank nifty futures is trading in the discount
Bank Nifty’s Positive signal: Bullish pattern, Long term UP trend
Bank Nifty View for Friday: Sideways.
Bank Nifty Short Term trend: UP
Bank Nifty Target for 29th May 2017: Bank Nifty can move between 22,750 -23,550 levels.
Bank Nifty Long Term up trend reversal point: Closing below 21750 Levels.
- Buy trade created on 24th May 2017 on 22,500 29 JUN 2017 PUT @ 390 and again 22,500 29 JUN 2017 PUT was bought on 25th May 2017 @ 180. Hold the current average cost with average cost @ 285 for a target of 550 stop around 100.Current Loss: 145 Points.
Visit our website on 29th may 2017 8.30 PM to get the Bank nifty view for 30th May 2017.
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