manavtechresearch

BANKNIFTY TRADE SETUP

NSE:BANKNIFTY   NIFTY BANK
-BANKNIFTY HAS TURNED WEAK AGAIN SHOWING SIGNS OF DOWNSIDE
-BANKNIFTY ONCES BREACHES 22000 CAN TEST 21600-21500
-TODAY BANKNIFTY IS NOT AN BUY ON DIP
-TRENDLINE SUPPORT ALSO SEEN IN BANKNIFTY INDEX WHICH CAN BE BROKEN IN THE OPEN ITSELF
-INDEX HAS NOW MULTIPLE SUPPORTS NOW PLACED BETWEEN 22200-21800 WHICH IS AT RISK
-CRUCIAL RESISTANCE PLACED AT 22450
-CRUCIAL SUPPORT PLACED AT 21670
-I EXPECT TODAY MARKET TO TRADE IN THE RANGE OF 21670-22400

BANKNIFTY RESISTANCE FOR THE DAY
22680-22450-22290
BANKNIFTY SUPPORT FOR THE DAY
21800-21670-21510


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