BANKNIFTY INDEX PRICE ACTION EXPECTATED FOR THE DAY

INDEX SUMMARY

-SECOND DAY IN A ROW BANKNIFTY WENT BELOW 21450 AMD BOUNCE BACK FROM LOWER LEVELS
-BANKNIFTY IS TRYING TO FORM A BASE
-TODAY IS WEEKLY EXPIRY SO I WOULD AVOID TAKING FRESH TRADES IN THE INDEX
-BUT WE DO HAVE DASH TRADE FOR TODAY AS WELL
-COMING BACK TO THE LEVELS 21800 IS ACTING AS RESISTANCE
-SUPPORT IS PLACED AT 21450
-WE HAVE A SUPPLY ZONE FROM 21950-22120
-BUT STILL BANKNIFTY HAS A SCALP TRADE ABOVE 21800
-AVOID FANCY TRADES TODAY
-ONLY INTERESTED IN BUYING

SCALP TRADE WITH DASH LEVELS

BULL SCENARIO

-IF INDEX TRADES ABOVE 21825

BANKNIFTY FUTURES TRADE
BUY@21850
STOP@21675
TARGET@22040
QTY=200

-IF BANKNIFTY CROSSES ABOVE 22120

BANKNFITY FUTURES TRADE
BUY@22130
STOP@22030
TARET@22250
QTY=200

-IF BANKNIFTY STARTS TO TRADE ABOVE 22280

BANKNIFTY FUTURES TRADE
BUY@22300
STOP@22100
TARGET@22500-550
QTY=200


BANKNIFTY RESISTANCE FOR THE DAY
21800-21950-22120 ( FUT )
BANKNIFTY SUPPORT FOR THE DAY
21450-21290-21120 ( FUT )

SCREENSHOT

!!PLEASE NOTE THE ABOVE INFORMATION IS FOR KNOWLEDGE ONLY!!
!!TRADE ACCORDING TO YOUR RISK PROFILE!!
!!HAPPY TRADING!!
!!PLEASE LEAVE LIKE!!
!!FEEL FREE TO CLEAR DOUBT IN THE COMMENT SECTION!!

Trade closed: target reached:

banknifty scalp trade with dash trades
21850-to-22040=190 points
190*200
=38k profits

Trade closed: target reached:

-IF BANKNIFTY CROSSES ABOVE 22120

BANKNFITY FUTURES TRADE
BUY@22130
STOP@22030
TARET@22250
QTY=200