BANKNIFTY PREMARKET NOTES:-
- SGX NIFTY is 55 POINTS DOWN showing GAP DOWN OPENING after yesterdays PAUSE . So the BANKNIFTY also will open will around 150 POINTS GAP DOWN.
- FII Activity – CASH SOLD –8.5 CR / INDEX FUT SOLD --43 CR
What we DID FRIDAY:-
-----We entered LONG at 16132 and booked FULL Profit at 16197 --we SHARED it on TWITTER .
| BANKNIFTY FUT | DEMAND | SUPPLY |
| 1 | 15965 | 16181 |
| 2 | 15874 | 16303 |
| 3 | 15755 | 16367 |
These levels are where we have to watch how market reacts and we have to take decision as per the PRICE ACTION.
WHAT CHART is SAYING?
- Above 60 MIN chart shows how BNF is resisted at SUPPLY AREA of previous DOWNMOVE from around 16230 LEVELS… and that was STRONG DOWNMOVE.
- This move was expected to take it towards 15979 (61.8% of the LATEST UPMOVE) and 15949 which is DEMAND ZONE.
- This ZONE of 15949 to 15979 may SEE SOME GOOD BUYING INTEREST.
FOLLOW US FOR LIVE
UPDATESON:-
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