BANKNIFTY: Witnessing Corrective UP Side
Updated
Bearish SHARK on the WAY
Trading in Between 2 X1 & 1 X 1 Gann FAN Line also Taking Support Near 2 X 1 Gann FAN Line.
Entering ICHIMOKE Cloud from Below (in 30 min Chart) (not plotted Due to Clear view of Chart)
Crucial Support: @ 23217, Nearer Major Support at 23010 (50SMA)
Projected BANKNIFTY Spot LEVELS For 04th JULY '17
Expected TRADING Range 154 to 216 Point.
Strong if Stay Above 23324 for 30 Min.
WEAK if Stay Below 23251 for 30 Min.
Intraday Levels (Normal)
RES : 23347, 23383 - 23409 (HZ #1), 23478, SUP : 23229, 23192 - 23167 (BZ #1), 23098
Intraday Levels (Extended)
RES : 23538, 23574 - 23600 (HZ #2), 23670, SUP : 23039, 23003 - 22978 (BZ #2), 22909.
HURDLE Zone #1 : 23383 - 23409( Above UP Trend Confirmed), HURDLE Zone #2 : 23574 - 23600
RANGE Bound Zone: 23251 - 23324
BOUNCE Zone #1 : 23192 - 23167 (Below Trend Reversed), BOUNCE Zone #2 : 23003 - 22978
Extreme RESISTANCE: 23670, Extreme SUPPORT: 22909
For Future TRADERS: LONG + Hedge with Long PUT Option / Short CALL Option.
Strong if Stay Above 23384 for 30 Min.
HURDLE Zone #1 : 23420 - 23447, HURDLE Zone #2 : 23611 - 23639
WEAK if Stay Below 23266 for 30 Min.
BOUNCE Zone #1 : 23230 - 23200, BOUNCE Zone #2 : 23040 - 23014
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Disclaimer: Only For STUDY.
For Taking Trade Decision Consult Financial Advisor.
Trading in Between 2 X1 & 1 X 1 Gann FAN Line also Taking Support Near 2 X 1 Gann FAN Line.
Entering ICHIMOKE Cloud from Below (in 30 min Chart) (not plotted Due to Clear view of Chart)
Crucial Support: @ 23217, Nearer Major Support at 23010 (50SMA)
Projected BANKNIFTY Spot LEVELS For 04th JULY '17
Expected TRADING Range 154 to 216 Point.
Strong if Stay Above 23324 for 30 Min.
WEAK if Stay Below 23251 for 30 Min.
Intraday Levels (Normal)
RES : 23347, 23383 - 23409 (HZ #1), 23478, SUP : 23229, 23192 - 23167 (BZ #1), 23098
Intraday Levels (Extended)
RES : 23538, 23574 - 23600 (HZ #2), 23670, SUP : 23039, 23003 - 22978 (BZ #2), 22909.
HURDLE Zone #1 : 23383 - 23409( Above UP Trend Confirmed), HURDLE Zone #2 : 23574 - 23600
RANGE Bound Zone: 23251 - 23324
BOUNCE Zone #1 : 23192 - 23167 (Below Trend Reversed), BOUNCE Zone #2 : 23003 - 22978
Extreme RESISTANCE: 23670, Extreme SUPPORT: 22909
For Future TRADERS: LONG + Hedge with Long PUT Option / Short CALL Option.
Strong if Stay Above 23384 for 30 Min.
HURDLE Zone #1 : 23420 - 23447, HURDLE Zone #2 : 23611 - 23639
WEAK if Stay Below 23266 for 30 Min.
BOUNCE Zone #1 : 23230 - 23200, BOUNCE Zone #2 : 23040 - 23014
If you think this post enrich your knowledge and would help you in trading,
Please don't forget to Hit / Click Like button.
Your likes are the only motivation to post better ideas in future.
Disclaimer: Only For STUDY.
For Taking Trade Decision Consult Financial Advisor.
Trade active
LTP: @ 23201in FUT. made a LOW 23179.70. (Just Below Bounce Zone #1)
Note
Nearing to form CUP pattern in 15 min Chart.Watch Bottom in Mentioned BZ #1 Arena.
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