Wednesday, September 17, 2014

BANKNIFTY PREMARKET NOTES—17th SEPT


 

BANKNIFTY PREMARKET NOTES:-

  • SGX NIFTY  is  50 POINTS UP showing  BIG GAP UP  OPENING after yesterdays SHARP CORRECTION . So the BANKNIFTY also will open will 100 to 150  POINTS GAP UP.
  • FII Activity – CASH SOLD --828 CR / INDEX FUT SOLD -- 162 CR

 

 

BANKNIFTY FUT DEMAND SUPPLY
1 15878 16024
2 15825 16130
3 15966 16210

These levels are where we have to watch how market reacts and we have to take decision as per the PRICE ACTION.

DAILY CHART:-

image

  • As we expected yesterdays Premarket Notes it played well and BNF given the EXPECTED BIG downmove.
  • NOW the Previous Support May act as Resistance.
  • Now the ZONE will be 16100 to 15850 for the DAY.
  • Banknifty Daily Candle is BEARISH ENGULFING CANDLE .
  • Now as SGX NIFTY is suggesting GAP UP..we can expect 61.8% retracement which CURRENTLY at 16137.

 

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For Further Reading,
BANKNIFTY TRADING NOTES

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