BANKNIFTY INDEX PRICE ACTION EXPECTATED FOR THE DAY
INDEX SUMMARY
-BANKNIFTY IS IN A STRONG UPTREND
-WE ARE TRADING ABOVE 24200 FOR 3 DAYS NOW
-INDEX SUSTAINING ABOVE THIS LEVELS INDICATE STRENGTH
-ANY CORRECTION TOWARDS 242250-24150 IS A BUYING OPPORTUNITY
-INDEX IS CREATING HIGH HIGHER AND HIGHR LOW FORMATION
-I HAD EXPLAINED EARLIER ALSO THAT INDEX HAS A HEALTHY PREMIUM IT WILL BE USED TO THROW OUT WEAK HANDS
-WE DID SEE A HEALTHY CORRECTION IN THE MARKET
-CRUCIAL SUPPORT COMES IN @24200
-CRUCIAL RESISTANCE COMES IN @24
-NO DASH TRADES TO DAY 24850-24870
-WAIT AND WATCH APPROACH IN INDEX
BANKNIFTY RESISTANCE FOR THE DAY
25200-24870-24740 ( FUT )
BANKNIFTY SUPPORT FOR THE DAY
24380-24200-23950 ( FUT )
SCREENSHOT
-BANKNIFTY IS IN A STRONG UPTREND
-WE ARE TRADING ABOVE 24200 FOR 3 DAYS NOW
-INDEX SUSTAINING ABOVE THIS LEVELS INDICATE STRENGTH
-ANY CORRECTION TOWARDS 242250-24150 IS A BUYING OPPORTUNITY
-INDEX IS CREATING HIGH HIGHER AND HIGHR LOW FORMATION
-I HAD EXPLAINED EARLIER ALSO THAT INDEX HAS A HEALTHY PREMIUM IT WILL BE USED TO THROW OUT WEAK HANDS
-WE DID SEE A HEALTHY CORRECTION IN THE MARKET
-CRUCIAL SUPPORT COMES IN @24200
-CRUCIAL RESISTANCE COMES IN @24
-NO DASH TRADES TO DAY 24850-24870
-WAIT AND WATCH APPROACH IN INDEX
BANKNIFTY RESISTANCE FOR THE DAY
25200-24870-24740 ( FUT )
BANKNIFTY SUPPORT FOR THE DAY
24380-24200-23950 ( FUT )
SCREENSHOT
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