BANKNIFTY INDEX PRICE ACTION EXPECTATED FOR THE DAY

-BANKNIFTY HAS BROKEN ITS TRADING RANGE
-RANGE OF 23500-24200 FUTURES RANGE
-INDED IS NOW STARTED TO TRADE BELOW ITS 20-EMA BUT NOT BY MUCH
-INDEX HAS CLEARLY BROKEN ITS THREE INSIDE-DAY TRADING BAR RANGE ON FRIDAY
-INDICATING SIGNS TRENDING DOWNSIDE
-BANKNIFTY CAN TEST 23200-22900 AND REVERTED BACK I HAD MENTIONED ON FRIDAY
-INDEX TRYING TO FORM BASE IN THE RANGE OF 22850-23000
-WE DID SEE THE INDEX BOUNCE BACK FROM MY GIVEN LEVELS AND IT MANAGED TO BOUNCE TILL 23440
-NOW IF THE LOW IS TAKEN OUT AGAIN TODAY (22750)
-WE WILL SEE LOWER LEVELS IN BANKNIFTY
-BANKNIFTY HAS A BIG TRADING RANGE OF 21000-23070
-IT REMAINS TO BE SEEN IF BANKNIFTY COMES BACK TO RETEST 21000
-AS WHEN FAILED BREAKOUT HAPPENS INDEX DUE TEND TO TEST THEIR LOWER BOUND
-SUPREME COURT DECISION ON INTEREST WAIVER IS NOT OUT STILL A OVERHANG POSTPONED TILL 10TH SEPT
-CRUCIAL SUPPORT PLACED @22450
-CRUCIAL RESISTANCE PLACED @23500

RESISTANCE FOR THE DAY (FUT)
23200-23500-23600
SUPPORT FOR THE DAY (FUT)
22450-22675-22850

SCREENSHOT