BANKNIFTY TRADE SETUP

-BANKNIFTY MIGHT OPEN 200+ POINT TODAY
-INDEX YESTERDAY TOOK SUPPORT AT THE LOWER BOUND OF OUR RANGE
-IT TESTED ITS 200-EMA(BAR) ON 30-MIN CHART
-21050 ACTED AS A CRUCIAL SUPPORT FOR THE INDEX
-BANKNIFTY NEEDS TO CONQUER(CLOSE) 21620-21960 TO TRAVEL HIGHER
-CRUCIAL SUPPORT PLACED AT 20870
-CRUCIAL RESISTANCE PLACED AT 21620
-HDFCBANK AND ICICI WILL SUPPORT THE INDEX TODAY
-PLEASE NOTE PM SPEECH AFTER MARKET HOURS


BANKNIFTY RESISTANCE FOR THE DAY
21630-21960-22070
BANKNIFTY SUPPORT FOR THE DAY
21130-21050-20870

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


READ OLD POST ON INDEX AND SEE HOW WE ARE POSITIONED IN THE INDEX