BANKNIFTY TRADE SETUP

-BANKNIFTY MIGHT OPEN 100-200 POINTS NEGATIVE
-INDEX YESTERDAY TOOK SUPPORT AT THE LOWER BOUND OF OUR RANGE
-IT WIIL LOOK TO TESTED ITS 200-EMA(BAR) ON 30-MIN CHART PLACED AT 21050
-21050 ACTED AS A CRUCIAL SUPPORT FOR THE INDEX AS IT IS THE LWOER
-BANKNIFTY NEEDS TO CONQUER(CLOSE) 21620-21960 TO TRAVEL HIGHER
-BANKNIFTY IS TRADING IN A RANGE OF 21050-21670
-CRUCIAL SUPPORT PLACED AT 20870
-CRUCIAL RESISTANCE PLACED AT 21620-21670

BANKNIFTY RESISTANCE FOR THE DAY
21630-21960-22070
BANKNIFTY SUPPORT FOR THE DAY
21130-21050-20870


!!PLEASE NOTE THE ABOVE INFORMATION IS FOR KNOWLEDGE ONLY!!
!!TRADE ACCORDING TO YOUR RISK PROFILE!!
!!SUGGEST OPTION TRADES TO NAVIGATE VOLATILITY!!
!!HAPPY TRADING!!


READ OLD POST ON INDEX AND SEE HOW WE ARE POSITIONED IN THE INDEX