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
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Disclaimer: Only For STUDY. For taking Trade Decision Consult Financial Advisor.
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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.
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BankNIFTY Spot: 23486 As Expected Bank NIFTY in Green.
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Link for 10th July 2017 Levels, along with BANKNIFTY Fut. Strategy & Levels.
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Arjun76
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Great work sir please continue bank nifty Analysis daily its help somepeople don't stop it.....