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BANKNIFTY INDEX PRICE ACTION EXPECTATED FOR THE DAY

NSE:BANKNIFTY1!   BANKNIFTY INDEX FUTURES
INDEX SUMMARY

-BANKNIFTY SAW VOLATILE MOVES ON FRIDAY
-MOVES LIKE 600 POINTS ON THE DOWNSIDE TO 600 POINTS ON THE UPSIDE
-BANKNIFTY IS GEARING FOR HIGHER LEVELS
-TRADING INSIDE THE NEW BULLISH CHANNEL ON HOURLY CHART
-BANKNIFTY IS GOOD SPOT
-COMING TO LEVELS 29350-29600 IS THE SUPPLY ZONE FOR NOW
-CRUCIAL SUPPORT COMES IN AT 28700-28600 ACTING AS THE DEMAND ZONE
-EXPECT 30000 AS A CRUCIAL RESISTANCE
-ONCE TAKEN OUT AND IF INDEX MANAGES TO SUSTAIN ABOVE IT
-WE CAN SEE HEAVY SHORT COVERING PROPELLING THE INDEX BY 750-1500 POINTS
-MONTHLY EXPIRY WEEK SO I DONOT EXPECT ONE SIDE MOVE
-SO DONOT OVER TRADE


BANKNIFTY RESISTANCE FOR THE DAY
29300-29660-29780( FUT )
BANKNIFTY SUPPORT FOR THE DAY
28604-29760-29000( FUT )

SCREENSHOT

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