BANKNIFTY INDEX PRICE ACTION EXPECTATED FOR THE DAY

INDEX SUMMARY

-BANKNIFTY TOOK SUPPORT ON ITS TRENDLINE YESTERDAY
-AS MAJOR BANKING STOCKS TOOK SUPPORT ON MAJOR TRENDLINE
-I EXPECTED IT TO BREAK BUT ARROGANCE IS NOT REWARDED IN THE MARKET IT MAKES YOU HUMBLE
-LOOKING AT THE HOURLY CHART IT AGAIN IS STARRING AT A RANGE-BOUND MOVEMET FROM 22100-22720
-STIFF RESISTANCE AT 22800
-I AM LOOKING TO SHORT THE INDEX NEAR 22670-22700 IF THE RANGE IS TRUE ITS A JUST 100 POINT RISK
-TARGET CAN BE 22450-22280 ON THE DOWNSIDE
-IF RANGE BREAKS AND MARKET SUSTAINS ABOVE 22800 WE WILL SEE A QUICK DASH TOWARDS 23050-23070
-BANKNIFTY HAS CREATED A "INSIDE BAR" PATTERN ON DAILY CHART
-WAIT AND WATCH ALL THE POSITIVELY CAN DIE DOWN AS YOU SEE THERE IS A PREMIUM OF 125 POINTS ON BANKNIFTY
-WE ARE NEARING EXPIRY 125 POINTS PREMIUM IS BIG
-IF YOU GET A GAP-UP TILL 22700-22730 IT WILL BE AN IDEAL PLACE TO BUILT SHORTS WITH A MINIMIUM STOP-LOSS OF 100 POINTS
-STAY TUNED FOR INDEX TRADE
-YOU HAVE THE CHANCE TO TIME THE MARKET


BANKNIFTY RESISTANCE FOR THE DAY
22830-22720-22450 ( FUT )
BANKNIFTY SUPPORT FOR THE DAY
22280-21960-21760( FUT )

SCREENSHOT


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