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BANKNIFTY TRADE SETUP

NSE:BANKNIFTY   NIFTY BANK
-BANKNIFTY IS SHOWING SIGNS OF WEAKNESS AND FURTHER PRESSURE
-YESTERDAY ALL THE GAINS WERE GIVEN UP IN CLOSING
-IT TOOK SUPPORT AT VERY CRUCIAL SUPPORT OF 21150 AGAIN YESTERDAY AFTER RISING TILL 21900
-IF IT HOLD 21150 BANKNIFTY CAN ARREST FURTHER DOWNSIDE MOMENTUM
-INDEX REVERSED FROM ITS 200-EMA(30-MIN CHART)
-CRUCIAL RESISTANCE PLACED AT 21670-21960
-CRUCIAL SUPPORT PLACED AT 21150-21050
-I EXPECT TODAY MARKET TO TRADE IN THE RANGE OF 21050-21900
-EXPIRY TODAY SO WATCH OUT
-BANKNIFTY NEEDS TO TAKE 21670-21960 TO TRADE HIGHER AGAIN
-PATIENCE IS NEED IN BANKNIFTY TRADING
"WAIT AND WATCH"APPROACH

BANKNIFTY RESISTANCE FOR THE DAY
21960-21800-21670
BANKNIFTY SUPPORT FOR THE DAY
21200-21150-21050



!!PLEASE NOTE THE ABOVE INFORMATION IS FOR KNOWLEDGE ONLY!!
!!TRADE ACCORDING TO YOUR RISK PROFILE!!
!!SUGGEST OPTION TRADES TO NAVIGATE VOLATILITY!!
!!HAPPY TRADING!!

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