BANKNIFTY WEEKLY SETUP -BANKNIFTY EXPIRY BARILY MANAGED TO HOLD ABOVE 22400 ON FIRDAY -IT ALMOST CLOSED NEAR THE LOWER END OF THE RANGE OF 23070-22400 -ANY DIPS TOWARDS 22400 SHOULD BE USED TO BUY INTO THE INDEX -TRENDLINE SUPPORT ALSO SEEN IN BANKNIFTY INDEX -INDEX HAS NOW MULTIPLE SUPPORTS NOW PLACED BETWEEN 22200-21800 -CRUCIAL SUPPORT PLACED AT 22450 (RESISTANCE-TURNED-SUPPORT) -NEXT TARGET ON BANKNIFTY 22800-23070-23480 -I EXPECT TODAY MARKET TO TRADE IN THE RANGE OF 23070-22400 -BREAK ON THE UPSIDE WILL LEAD TO TEST OF 23250-23460 LEVELS -BANKNIFTY HAS MANAGED TO BREAK ITS 4-MONTH TRADING RANGE SO IT WON'T BE EASY TO ENTER BACK -"WAIT AND WATCH" -BUY WHEN INDEX CROSSES ABOVE 23080
BANKNIFTY RESISTANCE FOR THE DAY 22680-23080-23225 BANKNIFTY SUPPORT FOR THE DAY 22480-22380-22293
!!PLEASE NOTE THE ABOVE INFORMATION IS FOR KNOWLEDGE ONLY!! !!TRADE ACCORDING TO YOUR RISK PROFILE!! !!SUGGEST OPTION TRADES TO NAVIGATE VOLATILITY!! !!HAPPY TRADING!!