Nifty & Banknifty Weekly Analysis 08FEB
--------- WEEKLY ANALYSIS 08- FEB -------------
Nifty & Banknifty Futures left one very good references on the Friday close for the swing move up.
NIFTY Futures: Weekly Trend Decider at 14890F, key swing references at 14760-14800F
1. Hold of 14890F look to rotate up to test last week high 15080F/15180F
2. Hold below 14890F look to rotate back to test 14760F areas, rotate from there
3. Hold below that look to test 14575F
Banknifty Futures Weekly Trend Decider at 35500F
Hold into that look to pullback and make a higher attempt to test higher
1. Upside targets at 36435/37250 38065
2. Hold below the trend decider for a test of 35040/34400F
Nifty & Banknifty Futures left one very good references on the Friday close for the swing move up.
NIFTY Futures: Weekly Trend Decider at 14890F, key swing references at 14760-14800F
1. Hold of 14890F look to rotate up to test last week high 15080F/15180F
2. Hold below 14890F look to rotate back to test 14760F areas, rotate from there
3. Hold below that look to test 14575F
Banknifty Futures Weekly Trend Decider at 35500F
Hold into that look to pullback and make a higher attempt to test higher
1. Upside targets at 36435/37250 38065
2. Hold below the trend decider for a test of 35040/34400F
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