-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