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:-
- 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.
FOLLOW US ON:-
For Further Reading,
0 comments:
Post a Comment
Your Comments and Few words helps me in DOING BETTER WORK.
Thanks