DSKF16
Long

BANKNIFTY: Witnessing Corrective UP Side

NSE:BANKNIFTY   NIFTY BANK
180 views
8
180 4
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.
Trade active: LTP: @ 23201
in FUT. made a LOW 23179.70. (Just Below Bounce Zone #1)
Comment: Nearing to form CUP pattern in 15 min Chart.

Watch Bottom in Mentioned BZ #1 Arena.
Thanks for detailed analysis
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Very detailed analysis...what is your point of view for tomorrow?
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hi i think in harmonic also we can not preempt its move atleast till it breaches b point .
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Thanks for analysis with Gann/Ichimoku also with harmonic.
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