BANKNIFTY Spot: Settled at 23937.70, Though in NORMAL market it was: 23943.20 GAP Form in UP TREND on 13th Jul 2017. Covered some point on Friday But Till now more point Needed to fill GAP. Crucial Level at 23730 (STRONG), to Fill GAP
Must WATCH, GANN Line "2 X 1" (Marked in Dotted Green Color, Near "Extreme SUPPORT Level", as of NOW at23523) For Dip fall CRUCIAL LEVEL 23546, Mentioned in "Fate of BANKNIFTY 0.47% View (WEEKLY Basis)"
Levels plotted on Chart.
Monday's Expected Trading Range: 221 -252 Points, Extended to 280 Points. As Mentioned on previous Post "180 -205 Points, Extended to 243 Points." Notice it was 207.70 on 14th July 2017.
USE LEVELS AS REFERENCE.
For FnO Traders: BANKNIFTY Future Levels. LTP: 23970.4, Settled Price: 23977.40 Go LONG / Short as per Level given Below.
BEST Possible SHORT at Upper Level Near or Above @ 24106 .Some more LONG / SHORT Entry will be Updated within Market Hours.
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Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
Snapshot:BANKNIFTY Trade Summery of 14th Jul 2017.
i have been following this analysis for some time and its really good. Thank you very much for your effort
VijaySharma
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Nice detailed Analysis.... experts may understand in better way, however request you to mention conclusions in one liner for those who doens't understand various complex indicators and technicals drawn on chart...
DSKF16
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@VijaySharma, not possible in one line. But can say Watch HZ (Hurdle Zone) to above same colour Line to SHORT & BZ (Bounce Zone) to Below Same Color Line to Cover or fresh Entry.
Where to Short & Where to LONG is Given in "What NEXT in NIfty 17th July Post". same strategy can be applied for BANKNIFTY Also. Since last 5 days i had posted & also provide summery of that day's trade in Next day's Post as Snapshot.
please just go for those & compare Before & after you have got some Knowledge. It is better to do "Paper Trade". Though with in market hour some time, update about the Movement. please follow those.