BANKNIFTY INDEX PRICE ACTION EXPECTATED FOR THE DAY

INDEX SUMMARY

-BANKNIFTY FINALLY ABOVE 22720 AND CLOSE ABOVE IT
-TOOK OUT PREVIOUS RESISTANCE AND RANGE OF 22120-22720
-BANKNIFTY LOOKS STRONGER THAN NIFTY FOR NOW
-NIFTY INDEX TRADES ALMOST 2 S.D FROM ITS 200-EMA
-BANKNIFTY IS TRADING BELOW ITS 200-EMA
-BANNIFTY WILL SOONER OR LATER CATCH-UP
-CRUCIAL SUPPORT NOW IS PLACED AT 22720
-CRUCIAL RESISTANCE COMES AT 23200
-WHEN LAST TIME MARKET CROSSES ABOVE 23200 AND CLOSED ABOVE IT IT WENT TILL 25500
-WE CAN ATLEAST EXPECT 1000 POINTS RALLY ABOVE 23200
-WAIT AND WATCH
-NOT LOOKING TO SHORT ONLY BUYING


SCALP TRADE WITH DASH LEVELS

BULL SCENARIO

-IF INDEX TRADES ABOVE 23150

BANKNIFTY FUTURES TRADE
BUY@23160
STOP@23280
TARGET@230
QTY=200


BANKNIFTY RESISTANCE FOR THE DAY
22500-22625-22720 ( FUT )
BANKNIFTY SUPPORT FOR THE DAY
22280-22120-22050 ( FUT )

SCREENSHOT


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