BANKNIFTY INDEX PRICE ACTION EXPECTATED FOR THE DAY
INDEX SUMMARY
-BANKNIFTY CROSSES 24200 AND IS SUSTAINING ABOVE IT -TODAY IF ANY ONE OBSERVED THAT BANKNIFTY FUTURES PREMIUM WAS NOT COMING DOWN -INSTITUTIONS ARE LONG ON INDEX FUTURES IN BANKNIFTY -LIKE EXPLAINED INDEX CAN RALLY UP TO 1000 POINTS FROM 24200 IN SHORT-TERM BEFORE MONTHLY EXPIRY -NOW FOR TWO INDEX BANKNIFTY HAS SUSTAINED THE GAP-UP AND IS CREATING HIGHER HIGH AND HIGHER LOW FORMATION ON THE DAILY CHART -I EXPECT BANKNIFTY TO BE A OUT PERFORMER IN THE NEAR FUTURE -CRUCIAL SUPPORT KICKS IN @24200 -CRUCIAL RESISTANCE KICKS IN @24680 -DASH TRADE WORKED OUT GOOD -TWO HUNDRED POINT FROM THE ENTRY ZONE
BANKNIFTY RESISTANCE FOR THE DAY 25200-24740-24380 ( FUT ) BANKNIFTY SUPPORT FOR THE DAY 24200-23950-23540 ( FUT )
SCREENSHOT
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