BANKNIFTY INDEX PRICE ACTION EXPECTATED FOR THE DAY

INDEX SUMMARY

-BANKNIFTY TILL NOW HAS FAILED TO CREATE A SWING
-IT WILL BE CREATED ONLY IF BANKNIFTY BREAKS ABOVE 29920
-RBI POLICY TODAY EXPECT VOLATILITY IN THE COUNTER
-STRONG START TODAY
-INDEX HAS BOUNCED HEAVILY FROM ITS OPENING PRICE
-INDICATING STRONG MOMENTUM
-SWING LOW BREAK BELOW 29200
-SWING HIGH BREAK ABOVE 29920
-IF SWING HIGH OF 29920 BROKEN MINOR RESISTANCE COMES IN @30190
-IF SWING LOW OF 29200 BROKEN MINOR SUPPORT KICKS IN @28900
-CRUCIAL SUPPORT@29200
-CRUCIAL RESISTANCE@30190

BANKNIFTY RESISTANCE FOR THE DAY
29980-30200-30580( FUT )
BANKNIFTY SUPPORT FOR THE DAY
29780-29580-29450( FUT )

SCREENSHOT


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