BANKNIFTY TRADE SETUP BANKNIFTY TRADE SETUP

-INDEX WILL OPEN POSITIVE
-YESTERDAY INDEX FOUND SUPPORT AT 20900
-OUR SUPPORT WAS PLACED AT 20870
-ON A 30-MIN TIME FRAME INDEX CREATED A RANGE
-RANGING FROM 21130-21630
-CRUCIAL SUPPORT PLACED AT 20870
-CRUCIAL RESISTANCE PLACED AT 21620
-21620 NEEDS TO BE CONQUERED AGAIN TO TEST HIGH LEVELS
-21960 WILL ALSO ACT AS AN CRUCIAL RESISTANCE LEVEL
-"BUY ON DIPS" IS EXPECTED
-"PLEASE NOTE RBI BOARD MEET TODAY"(11:00 P.M)


BANKNIFTY RESISTANCE FOR THE DAY
21630-21960-22070
BANKNIFTY SUPPORT FOR THE DAY
2130-21050-20870


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


READ OLD POST ON INDEX AND SEE HOW WE ARE POSITIONED IN THE INDEX