BANKNIFTY INDEX PRICE ACTION EXPECTATED FOR THE DAY

INDEX SUMMARY

-BANKNIFTY IS CONSOLIDATION MODE
-INDEX RANGE IS GETTING NARROWER
-INDEX NEEDS TO BREACH 29920 LEVELS TO START FRESH LEG OF RALLY
-CRUCIAL RESISTAINCE KICKS IN AT 30190
-CRUCIAL SUPPORT KICKS 29200(RISING FROM 28900)
-IF INDEX BRINGS THE PREVIOUS SWING HIGH OF 30190 TO SEE 30800-31000
-WAIT AND WATCH APPROACH FOR THE INDEX

BANKNIFTY RESISTANCE FOR THE DAY
29980-30200-30580( FUT )
BANKNIFTY SUPPORT FOR THE DAY
29780-29580-29450( FUT )

SCREENSHOT

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