manavtechresearch

BANKNIFTY INDEX PRICE ACTION EXPECTATED FOR THE DAY

Long
NSE:BANKNIFTY1!   BANKNIFTY INDEX FUTURES
INDEX SUMMARY

-YESTERDAY BANKNKNIFTY MADE A MOVE TOWARDS TO THE UPSIDE
-SWING HIGH IS PLACED AT 30190
-IF TAKEN OUT WE CAN HAVE A 1000 POINT RALLY
-NEW SUPPLY ZONE SEEN IS BETWEEN 29920-990
-ONCES BROKEN A RETEST OF 30190 IS POSSIBLE
-BANKNIFTY FOLLOWING A SWING PATTERN IN HOURLY CHART
-TRACKING IT TO SEE A BREAK IN THOSE PATTERNS OR CONTINUATION
-CHANNEL TRADING IS FOR NOW PROTECTED BUT WITH A MINOR BREAK-DOWN
-REMEMBER NIFTY IS UP BY 8% FROM PREVIOUS ALL TIME HIGH
-BANKNIFTY INDEX IS STILL TO BREACH ITS PREVIOUS ALL TIME HIGH
-SO LONG LEGS ARE STRONG IN BANKNIFTY
-BANKNIFTY IS GEARING FOR HIGHER LEVELS
-CRUCIAL SUPPORT KICKS IN @28900
-EXPECT 30000 AS A CRUCIAL RESISTANCE

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

SCREENSHOT

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