BANKNIFTY: 24434 Below 24400 Supports are 24330_ 24265 & 24200
BANKNIFTY: 24434 is trading below the long term Trend Line (BLUE) resistance level,and with in the
upward green channel support. The falling red channel is incomplete with only a single point at bottom.
24614 horizontal line having strong resistance & the 23820 is support.
Above 24474 toady’s Resistance 24540_24600 & 24670
Below 24400 today's Supports are 24330_ 24265 & 24200
Weekly above 24580 BN Resistance will be 24677_24827 & 24978
Weekly below 24280 BN Supports will be 24190_24040 & 23890
Monthly above 24780 BN Resistances will be 24990_25340 & 25680
Monthly below 24090 BN Supports will be 23875 _23530 & 23180
upward green channel support. The falling red channel is incomplete with only a single point at bottom.
24614 horizontal line having strong resistance & the 23820 is support.
Above 24474 toady’s Resistance 24540_24600 & 24670
Below 24400 today's Supports are 24330_ 24265 & 24200
Weekly above 24580 BN Resistance will be 24677_24827 & 24978
Weekly below 24280 BN Supports will be 24190_24040 & 23890
Monthly above 24780 BN Resistances will be 24990_25340 & 25680
Monthly below 24090 BN Supports will be 23875 _23530 & 23180
Note
BN 24100 is a strong support. On break of 24100 we will see 23890.On the other way any trade above 24360 BN will turn bullish.
Look art the signals gyrating at the middle.There is always a degree
of uncertainty, both way possible, but more weighted towards 24100 and 23890
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