NIFTY BANKNIFTY Weekly Analysis 21 FEB
--------- WEEKLY ANALYSIS 21 - FEB -------------
Nifty & Banknifty Futures on weekly charts attempted a break on the upside above the consolidation candle of week above. Failed to do so and have engulfed the weekly candles.
NIFTY Futures: Weekly Trend Decider at 15130-15150F, Failure to cross ,will look for a bearish continuation.
1. Hold of 15180F look to rotate upto test 15340/15475
2. Failure to cross 15150F look to rotate lower to test 14925/14755
Banknifty Futures Weekly Trend Decider at 35300-600F.
1. Failure to cross that range look to test back, previous week low near 35750
2. Break below that look to test 34920/34500
3. Break n hold abv 36500 areas, look to test 36980/37450
Refer to the stream below for a video analysis:
tradingview.com/streams/0-wAHBMQGwxDInszGWyj3
Nifty & Banknifty Futures on weekly charts attempted a break on the upside above the consolidation candle of week above. Failed to do so and have engulfed the weekly candles.
NIFTY Futures: Weekly Trend Decider at 15130-15150F, Failure to cross ,will look for a bearish continuation.
1. Hold of 15180F look to rotate upto test 15340/15475
2. Failure to cross 15150F look to rotate lower to test 14925/14755
Banknifty Futures Weekly Trend Decider at 35300-600F.
1. Failure to cross that range look to test back, previous week low near 35750
2. Break below that look to test 34920/34500
3. Break n hold abv 36500 areas, look to test 36980/37450
Refer to the stream below for a video analysis:
tradingview.com/streams/0-wAHBMQGwxDInszGWyj3
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