manavtechresearch

BANKNIFTY INDEX PRICE ACTION EXPECTATED FOR THE DAY

Long
NSE:BANKNIFTY1!   BANKNIFTY INDEX FUTURES
INDEX SUMMARY

-BANKNIFTY HAS CREATED A NEW SWING HIGH INDICATING STRENGTH IN THE INDEX
-RELATIVE OUT-PERFORMANCE IS EXPECTATED FROM BANKNIFTY AS COMPARED TO NIFTY
-ON HOURLY /30-MIN CHART WE SAW A BREAK ABOVE ITS ASCENDING TRIANGLE PATTERN
-SWING HIGH OF 30190 IS TAKEN AFTER WE EXPECTED THE MARKET TO SUSTAIN ABOVE 29920
-IT WILL BE CREATED ONLY IF BANKNIFTY BREAKS ABOVE 29920
-IT DID AND WE GOT OUR NEW SWING HIGH
-NOW ANY CORRECTION TO 29920-30000 IS A BUY ON DIP
-CRUCIAL SUPPORT@29660(RISING FROM 29200)
-CRUCIAL RESISTANCE@30600(RISING FROM 30190)

BANKNIFTY RESISTANCE FOR THE DAY
30200-30580-30830( FUT )
BANKNIFTY SUPPORT FOR THE DAY
29920-29780-29580( FUT )

SCREENSHOT

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