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BANKNIFTY FUTURESANALYSIS - Close above 49094 (fut) is important

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BANKNIFTY INDEX FUTURES (NSE:BANKNIFTY1!)  
sunilvedula  
NSE:BANKNIFTY1!   BANKNIFTY INDEX FUTURES
Trend Analysis Technical Indicators Wave Analysis
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As per pitchfork analysis as shown in the figure market has closed above successfully the parallel lines. All lines of pitchfork will act as support and resistance. Since today close is a green doji but still we need to wait for a confirmation which will come only if we close above 49094 (Banknifty futures) . If we close above that level we are confirmed to upside with our next target at 49790 and 50,000.
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