manavtechresearch

BANKNIFTY TRADE SETUP

Long
NSE:BANKNIFTY   NIFTY BANK
-BANKNIFTY IS COOKING BIG
-HDFC BANK ADR AT 8%
-ICICI BANK ADR AT 6%
-GOING BY THE ABOVE TO STOCKS BANKNIFTY CAN GAP-UP BY 600 TO 800 POINTS
-CRUCIAL RESISTANCE IS PLACED AT 23070
-CRUCIAL SUPPORT SINCE AFTER GAP-UP WILL BE PLACED AT 22450
-THERE CAN BE INITIAL SELL-OFF(PROFIT BOOKING)
-"BUY ON DIPS" RECOMMENDED

BANKNIFTY RESISTANCE FOR THE DAY
22750-22910-23070
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!!

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