BANKNIFTY INDEX PRICE ACTION EXPECTATED FOR THE DAY

21 ก.ย. 2020

INDEX SUMMARY

-BANKNIFTY HAS BROKE ITS RANGE FROM 21130-21720
-SET UP LOOKS WEAK ON THE CHARTS
-ACCORDING TO THE OPENING EXPECTED BANKNIFTY MAY OPEN LOWER
-21950 IS CRUCIAL SUPPORT IF STARTS TO TRADE BELOW THAT 21660 CAN BE ON THE CARDS
-ITS MONTHLY EXPIRY WEEK EXPECT HUGE VOLATILITY
-ON THE UPSIDE BANKNIFTY NEED TO START TRADING ABOVE 22280 TO MOVE HIGHER
-IF THAT HAPPENS WE CAN EXPECT THE MARKET TO TRADE WITH A RANGE
-ON DAILY CHART BANKNIFTY HAS BROKEN TIS TRENDLINE
-ALONG WITH A "INSIDE BAR" BREAK
-BANKNIFTY WITH PREMIUM OF 50 POINTS I STILL EXPECT SHORTS WILL BE BUILT TO COVER THOSE PREMIUM
-WAIT FOR LONGS ABOVE 22280 ONLY AND FRESH SHORTS BELOW 21950 ONLY


BANKNIFTY RESISTANCE FOR THE DAY
22830-22720-22450 ( FUT )
BANKNIFTY SUPPORT FOR THE DAY
22280-21100-21960 ( FUT )

SCREENSHOT


!!PLEASE NOTE THE ABOVE INFORMATION IS FOR KNOWLEDGE ONLY!!
!!TRADE ACCORDING TO YOUR RISK PROFILE!!
!!HAPPY TRADING!!
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21 ก.ย. 2020

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