BANKNIFTY: HURDLEs & BOUNCEs for 14th JULY 2017 (Spot + FUTURE)
BANKNIFTY Spot: Settled at 23888.65, Though in NORMAL market it was:23866.4
Above GANN FAN "2X1" line In GANN point of View Crucial Levels are: 23890 - 23909, 23958.
Must WATCH, GANN Line "2 X 1"
For Dip fall CRUCIAL LEVEL 23546, Mentioned in "Fate of BANKNIFTY 0.47% View (WEEKLY Basis)"
Levels & GANN Lines plotted on Chart.
Trading Range: 180 -205 Points, Extended to 243 Points.
USE LEVELS AS REFERENCE.
For FnO Traders:
BANKNIFTY Future Levels. LTP: 23866, Settled Price: 23879.4
Go LONG / Short as per Level given Below.
Some more LONG / SHORT Entry will be Updated within Market Hours.
NORMAL:
PHASE - I - RES: 23900 (Minor RES.), 23922 (Strong), 23955 - 23980 (HZ #1), 24045,
PHASE - I - SUP: 23831 (Minor RES.), 23810 (Strong), 23776 - 23753 (BZ #1), 23687,
OPTIMAL:
PHASE - II - RES: 24079 (Minor RES.), 24101 (Strong), 24134 - 24160 (HZ #2), 24225
PHASE - II - SUP: 23653 (Minor RES.), 23632 (Strong), 23599 - 23574 (BZ #2), 23509
Some more LONG / SHORT Entry will be Updated within Market Hours.
If you think this post enrich your knowledge and would help you in trading,
Please don't forget to Hit / Click Like button.
Your likes are the only motivation to post better ideas in future.
Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
SUMMARY Snapshot of BANKNIFTY (13th July 2017):
Above GANN FAN "2X1" line In GANN point of View Crucial Levels are: 23890 - 23909, 23958.
Must WATCH, GANN Line "2 X 1"
For Dip fall CRUCIAL LEVEL 23546, Mentioned in "Fate of BANKNIFTY 0.47% View (WEEKLY Basis)"
Levels & GANN Lines plotted on Chart.
Trading Range: 180 -205 Points, Extended to 243 Points.
USE LEVELS AS REFERENCE.
For FnO Traders:
BANKNIFTY Future Levels. LTP: 23866, Settled Price: 23879.4
Go LONG / Short as per Level given Below.
Some more LONG / SHORT Entry will be Updated within Market Hours.
NORMAL:
PHASE - I - RES: 23900 (Minor RES.), 23922 (Strong), 23955 - 23980 (HZ #1), 24045,
PHASE - I - SUP: 23831 (Minor RES.), 23810 (Strong), 23776 - 23753 (BZ #1), 23687,
OPTIMAL:
PHASE - II - RES: 24079 (Minor RES.), 24101 (Strong), 24134 - 24160 (HZ #2), 24225
PHASE - II - SUP: 23653 (Minor RES.), 23632 (Strong), 23599 - 23574 (BZ #2), 23509
Some more LONG / SHORT Entry will be Updated within Market Hours.
If you think this post enrich your knowledge and would help you in trading,
Please don't forget to Hit / Click Like button.
Your likes are the only motivation to post better ideas in future.
Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
SUMMARY Snapshot of BANKNIFTY (13th July 2017):
Comment:
BANKNIFTY Future: 23980 (At 12.32pm )
BOUNCE Zone to HURDLE Zone.
LOW: @ 23785 (Just Above BZ #1 Upper Band @ 23776, Diff: 9 point)
HIGH: @ 23994.9 (Just Above HZ #1 Upper Band @ 23980, Diff: 15 point)
Can I Say "Calculation WORKS ?"
BOUNCE Zone to HURDLE Zone.
LOW: @ 23785 (Just Above BZ #1 Upper Band @ 23776, Diff: 9 point)
HIGH: @ 23994.9 (Just Above HZ #1 Upper Band @ 23980, Diff: 15 point)
Can I Say "Calculation WORKS ?"
BOUNCE Zone to HURDLE Zone.
LOW: @ 23756.2 (BZ @1 Lower band @ 23752, Diff: 4.2 point)
HIGH: @ 23949.55 (HZ @1 Lower band @ 23956, Diff: 6.45 point)
Can I Say "Calculation WORKS ?"