manavtechresearch

BANKNIFTY TRADE SETUP

Long
NSE:BANKNIFTY   NIFTY BANK
-BANKNIFTY IS LOOKING STRONG
-A CLOSE ABOVE 22800 INDICATED TO US THAT 23070 MY PERVIOUS RESISTANCE WILL BE TESTED
-ICICI BANK ADR WAS UP BY 6%
-THIS WILL ALLOW INDEX TO OPEN NEAR 23070
-ONCE 23070 IS TAKEN OUT ON 30-MIN CHART
-I EXPECT BANKNIFTY TO MOVE TOWARDS 23480
-BREAKOUT TRADE ON THE CARDS WATCH OUT
-CRUCIAL RESISTANCE IS A 23070
-CRUCIAL SUPPORT IS PLACED AT 22480


BANKNIFTY RESISTANCE FOR THE DAY
-22910-23070-23240
BANKNIFTY SUPPORT FOR THE DAY
22570-22450-22260


!!PLEASE NOTE THE ABOVE INFORMATION IS FOR KNOWLEDGE ONLY!!
!!TRADE ACCORDING TO YOUR RISK PROFILE!!
!!SUGGEST OPTION TRADES TO NAVIGATE VOLATILITY!!
!!HAPPY TRADING!!

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