DSKF16
Long

BANKNIFTY: HURDLEs & BOUNCEs for 07th JULY 2017.

NSE:BANKNIFTY   NIFTY BANK
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BANKNIFTY Spot: 23466.65
Trading Above GANN FAN "2X1" line After First Hour of Trade.
But can't sustain in Last Hour of Trade.
15 Min candle Pattern Shows "Bullish PIN"
A "Bullish PIN" after a LONG Bear Candle generally Indicates to form a Bullish Pattern Namely "MORNING DOJI STAR"
(Here "Bullish PIN" also Known to us as " Lower DOJI")
Intraday Hurdles & Bounces for Tomorrow (07th JULY 2017).
Hurdle Zone #1 23556 - 23583
Hurdle Zone #2 23749 - 23776
Bounce Zone #1 23365 - 23338
Bounce Zone #2 23174 - 23148.

Trading Range: 155 -190 Point, Extended to 225 Point.
Today's Trading Range was: 23540.15 (H) -23369.50 (L) => 170.65Point
Rest Levels & GANN Lines plotted on Chart.

USE LEVELS AS REFERENCE.

For FnO Traders (Levels are):
Go LONG: @ 23436 - @ 23413 Zone
PHASE - I - RES: 23510 (Minor RES.), 23533 (Strong), 23568 - 23595 (HZ #1), 23665,
PHASE - I - SUP: 23436 (Minor RES.), 23413 (Strong), 23377 - 23351 ( BZ #1),23281

PHASE - II - RES: 23701 (Minor RES.), 23725 (Strong), 23761 - 23788 (HZ #2), 23858,
PHASE - II - SUP: 23245 (Minor RES.), 23222 (Strong), 23186 - 23159 ( BZ #2),23091,

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Disclaimer: Only For STUDY.
For taking Trade Decision Consult Financial Advisor.
Jul 07
Comment: BANKNIFTY Spot at 23449+
TEST & BOUNCED from
Strong 23402 in Early Trade.
Made a LOW: 23401.80
CAN I SAY Level WORKS?
Tag of Ware Who Wins?
If 1st Half for Bears, Can Expect 2nd Half for BULLS.
Answer in Snapshot.

Jul 07
Comment: BankNIFTY Spot: 23486
As Expected Bank NIFTY in Green.
Jul 07
Comment: Link for 10th July 2017 Levels, along with BANKNIFTY Fut. Strategy & Levels.

Great work sir please continue bank nifty Analysis daily its help somepeople don't stop it.....
Reply
DSKF16 Arjun76
@Arjun76, Ok. Try my best.
Reply
pl , HZ & BZ MEANING
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