BANKNIFTY RANGE DETECTED IN 30-MIN TIME-FRAME

BANKNIFTY TREND SETUP
-what is visible right now on banknifty is a rangebound movement
-where the floor is in between 19800-19700
-where the ceiling is in between 20630-20655
-if banknifty breaks 19700 on the next attempt
-banknifty may qualify for "triple top formation"


NIFTY TRADE SCENARIO
-avoid taking directional trade today as we have expiry
-wait for a break below 19700 or a break above 20650
-if we wait we will have a price target of atleast 800 points
-market might again range between 19700-20655
-wait for a range break

BANKNIFTY RESISTANCE FOR THE DAY
20240-20430-20620
BANKNIFTY SUPPORT FOR THE DAY
20040-19840-19740

Trade attivo:

CEILING IS BROKEN
NEXT LEVELS ON THE UPISDE
20975
21050
21240

Commento:

HOLDING NIFTY AND BANKNIFTY FUTURES

NEXT TARGET
21470
21550
21620

Commento:

INDEX HIT 21470
AND GAVE INTRADAY DIP
WE ADDED LONGS AGAIN AT 21180
NEXT TARGET
21550
21620
21800