BANKNIFTY TRADE SETUP

-BANKNIFTY MIGHT OPEN 200-300 IN THE PLUS
-INDEX YESTERDAY BROKE OUT OF CONSOLIDATION ZONE
-YESTERDAY IT BROKE OUT OF THE RANGE FROM 21050-21670
-WE ARE AT THE MAJOR HURDLES BANKNIFTY WILL CROSS THE MAJOR RESISTANCE OF 21960
-BANKNIFTY SHOULD TRY TO TEST ITS 100-EMA PLACED AT 22450
-IF 22450 IS CROSSED ON COLSING BASIS WE ARE MOVING TOWARDS 23000-23800
-CRUCIAL SUPPORT PLACED AT 21960
-CRUCIAL RESISTANCE PLACED AT 22200-22300

BANKNIFTY RESISTANCE FOR THE DAY
21630-21960-22070
BANKNIFTY SUPPORT FOR THE DAY
21960-21630-21410

!!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