BANKNIFTY INDEX PRICE ACTION EXPECTATED FOR THE DAY

INDEX SUMMARY

-BANKNIFTY DASH TRADE MADE A PROFIT OF 280 POINTS ALMOST HIT 300 POINT TARGET
-ANYWAYS BANKNIFTY IS THE AREA WHERE EXTREME SHORTS WERE MADE IN THE MONTH OF SEPTEMBER
-WE ALMOST WENT DOWN BY 5000 POINTS
-EXPECT MORE COVERING IN THIS INDEX FOR NOW
-NOW THE MAJOR HURDLE WAS 22120 FROM THE MARKET BROKEN AND FELL 1600 POINTS SO IT WON'T BE EASY TO CLIMB ABOVE THAT
-NOW THE SUPPORT-TURNED RESISTANCE WILL FACE SOME HEAT ON THE UPSIDE
-BUT I AM NOT WORRIED OR HAVE A FEAR OF MISSING OUT
-AS WE KNOE THERE IS A STRONG TRADING RANGE OF 600 POINTS ABOVE 22120-22720 ON THE UPSIDE
-WE WILL AGAIN HAVE DASH TRADES ON THE INDEX
-CRUCIAL SUPPORT COMES IN @21450
-CRUCIAL RESISTANCE COMES IN @21100-120
-WAIT AND WATCH APPROACH
-WAIT FOR DASH LEVELS TO EXECUTE THE TRADE

SCALP TRADE WITH DASH LEVELS

BULL SCENARIO

-IF BANKNIFTY CROSSES ABOVE 221120

BANKNFITY FUTURES TRADE
BUY@22130
STOP@22030
TARET@22250
QTY=200

-IF BANKNIFTY STARTS TO TRADE ABOVE 22280

BANKNIFTY FUTURES TRADE
BUY@22300
STOP@22100
TARGET@22500-550
QTY=200


BANKNIFTY RESISTANCE FOR THE DAY
21950-22100-22280 ( FUT )
BANKNIFTY SUPPORT FOR THE DAY
21450-21290-21120 ( FUT )

SCREENSHOT


!!PLEASE NOTE THE ABOVE INFORMATION IS FOR KNOWLEDGE ONLY!!
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