BANKNIFTY INDEX PRICE ACTION EXPECTATED FOR THE DAY

-BANKNIFTY IS TRADING IN A RANGE
-RANGE OF 23500-24200 FUTURES RANGE
-I EXPECT UPSIDE BIAS IN THE INDEX
-IF BANKNIFTY BREAKS ABOVE 24200 AND SUSTAINS I WILL BE A BUYER IN THE INDEX
-THEN UPSIDE TARGET WILL BE RAISED TO 24750
-SUPREME COURT DECISION ON INTEREST WAIVER IS NOT OUT STILL A OVERHANG
-ONCE THE DECISION IS OUT I EXPECT THE MARKET TO RALLY
-FALLING DOLLAR IS POSITIVE FOR FINANCIAL BUT SEEN SOME BUYING AT LOWER LEVELS
-FII BUYING WILL BE VISIBLE
-UNLESS GLOBAL RISK EMERGES I EXPECT THE BANKNIFTY TO OUTPERFORM NIFTY INDEX
-USA MARKETS GOING STRONG
-MOTHER MARKETS AT ALL-TIME HIGHS EXPECT THE SAME FOR THE INDIAN MARKETS IN COMING FUTURE
-COMING BACK TO LEVELS
-CRUCIAL SUPPORT PLACED @23500
-CRUCIAL RESISTANCE PLACED @24200


RESISTANCE FOR THE DAY (FUT)
24200-24350-24750
SUPPORT FOR THE DAY (FUT)
23900-23575-23400

SCREENSHOT