DSKF16
Long

BANKNIFTY: HURDLEs & BOUNCEs for 13th JULY 2017 (Spot + FUTURE)

NSE:BANKNIFTY   NIFTY BANK
BANKNIFTY Spot: Settled at 23695.45, Though in NORMAL market it was:23719.35
Touched GANN FAN "2X1" line & Closed at GANN Arch 4 X 1

Must WATCH, Made a LOW at 23523.65 ( DOUBLE Bottom ),
Near CRUCIAL LEVEL 23546, Mentioned in "Fate of BANKNIFTY View (WEEKLY Basis)"

Intraday Hurdles & Bounces for 13th JULY 2017.
Levels & GANN Lines plotted on Chart.

Trading Range: 202 -227 Points, Extended to 263 Points.
23523 - 23569, Looks Crucial as REVERSAL Zone.

USE LEVELS AS REFERENCE.

For FnO Traders:
BANKNIFTY Future Levels. LTP: 23747.15, Settled Price: 23721.35
Go LONG / Short as per Level given Below.
.
NORMAL:
PHASE - I - RES: 23782 (Minor RES.), 23803 (Strong), 23836 - 23861 (HZ #1), 23926,
PHASE - I - SUP: 23713 (Minor RES.), 23692 (Strong), 23659 - 23634 ( BZ #1), 23569,
OPTIMAL:
PHASE - II - RES: 23960 (Minor RES.), 23981 (Strong), 24015 - 24040 (HZ #2),24105
PHASE - II - SUP: 23535 (Minor RES.), 23515 (Strong), 23481 - 23457 ( BZ #2),23392

Some more LONG / SHORT Entry will be Updated within Market Hours.

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Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
Trade closed: target reached: Made a HIGH @ 23927.
Mentioned "PHASE - I Final TARGET @ 23926"
Hope Enjoyed.
Comment: Shaded 60+ point from day's HIGH.
WATCH 23833 -23840 level
Comment: LTP: @ 23866
BOUNCES from @ 23830 level
Mentioned Earlier "WATCH 23833 -23840 level ".
till NOW 36+ point.
Comment: LTP: @ 23890
BOUNCES from @ 23830 level
Mentioned Earlier "WATCH 23833 -23840 level ".
till NOW 60+ point.
Congrats, Normal Phase 1 is complete,
Wait for Optimal Phase 2 ?
Reply
DSKF16 AMBRISH
@AMBRISH, can SHORT Near 29960 -29975 zone. , SL @ 24015. found short term Weakness.
Reply
AMBRISH DSKF16
@DSKF16, Thanks,
Reply
AMBRISH DSKF16
@DSKF16, Missed opportunity neat 23931 level as i could not read it and also BNF from premium to started trading in discount.
Reply
DSKF16 AMBRISH
@AMBRISH, Ok. Better Next time.
Reply
AMBRISH DSKF16
@DSKF16, I also give importance to spot level as premium /discount changes .thank You,
Reply
DSKF16 AMBRISH
@AMBRISH, Occurs, in "BEAR TRAP". thanks.
Reply
Thank you, your detailed analysis saved lot of money today :) ... keep doing great work
Reply
Thanks for guidence.
Reply
DSKF16 AMBRISH
@AMBRISH, Most Welcome.
Reply
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