BANKNIFTY TREND SETUP -what is visible right now on banknifty is a rangebound movement -where the floor is in between 19800-19700 -where the ceiling is in between 20630-20655 -if banknifty breaks 19700 on the next attempt -banknifty may qualify for "triple top formation"
NIFTY TRADE SCENARIO -avoid taking directional trade today as we have expiry -wait for a break below 19700 or a break above 20650 -if we wait we will have a price target of atleast 800 points -market might again range between 19700-20655 -wait for a range break
BANKNIFTY RESISTANCE FOR THE DAY 20240-20430-20620 BANKNIFTY SUPPORT FOR THE DAY 20040-19840-19740
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CEILING IS BROKEN NEXT LEVELS ON THE UPISDE 20975 21050 21240
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HOLDING NIFTY AND BANKNIFTY FUTURES NEXT TARGET 21470 21550 21620
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INDEX HIT 21470 AND GAVE INTRADAY DIP WE ADDED LONGS AGAIN AT 21180 NEXT TARGET 21550 21620 21800