BANKNIFTY INDEX PRICE ACTION EXPECTATED FOR THE DAYBANKNIFTY IND

INDEX SUMMARY

-BANKNIFTY HAS BROKE ITS RANGE FROM 21130-21720
-WE HAD DISCUSSED IT BEFORE
-HOW IT ALSO MANAGED TO BREAK ITS TRENDLINE
-SET UP LOOKS WEAK ON THE CHARTS
-WE GOT THE RANGE TARGET ON BANKNIFTY
-WE ALSO SAW THE THE DASH FROM 21950-21660
-ITS MONTHLY EXPIRY WEEK EXPECT HUGE VOLATILITY
-NOW WHAT ARE WE GOING DOWN OR IS THERE ANY SIGN OF REVERSAL?
-BANKNIFTY HAS CRUCIAL SUPPORT @21000
-IT IIS A 3-MONTH SUPPPORT WHICH I DO NOT EXPECT TO BE BROKEN
-ON THE UPSIDE RESISTANCE COMES IN AT 21666-21950
-ONLY ISSUE HDFC BANK/ICICI BANK BOTH HAVE BROKEN SUPPORT TRENDLINE
-I WILL BUY ABOVE 21950 ONLY!!
-I WILL GO SHORT BELOW 21125 IT CAN DASH TOWARDS 20900
-BUT IF MARKET CLOSES BELOW 21000 IN THIS EXPIRY I CAN ASSURE YOU WE WILL SEE ANOTHER CRACK OF 2000 POINTS
-ITS ABOUT WAITING IT OUT FOR NOW
-WATI FOR THE LEVELS TO BREACH MENTIONED ABOVE

BANKNIFTY RESISTANCE FOR THE DAY
21950-21666-21450 ( FUT )
BANKNIFTY SUPPORT FOR THE DAY
21150-21050-20900 ( FUT )

SCREENSHOT


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