--------- 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