-BANKNIFTY SHOWED VOLATILE MOVEMENT YESTERDAY -TODAY IS EXPIRY EXPECT THE SAME -BUT YESTERDAY BANKNIFTY AFTER SHARP REVERSAL FOUND SUPPRT ON ITS 100-EMA(DEMA) -BANKNIFTY CONQUERED 22450 ON CLOSING BASIS TO MOVE HIGHER AS DISCUSSED EARLIER -INDEX HAS NOW MULTIPLE SUPPORTS NOW PLACED BETWEEN 22200-21800 -CRUCIAL SUPPORT PLACED AT 22450 (RESISTANCE-TURNED-SUPPORT) -AND IT MANAGED TO HOLD ABOVE IT -NEXT TARGET ON BANKNIFTY 22800-23070-23480 -YESTERDAY TWO OF THE INITIAL TARGET WAS ACHIEVED -I EXPECT TODAY MARKET TO TRADE IN THE RANGE OF 23070-22400 -BANKNIFTY HAS MANAGED TO BREAK ITS 4-MONTH TRADING RANGE SO IT WON'T BE EASY TO ENTER BACK -"WAIT AND WATCH"
BANKNIFTY RESISTANCE FOR THE DAY 22820-23080-23225 BANKNIFTY SUPPORT FOR THE DAY 22480-22380-22300
!!PLEASE NOTE THE ABOVE INFORMATION IS FOR KNOWLEDGE ONLY!! !!TRADE ACCORDING TO YOUR RISK PROFILE!! !!SUGGEST OPTION TRADES TO NAVIGATE VOLATILITY!! !!HAPPY TRADING!!