Monday, September 22, 2014

BANKNIFTY PREMARKET NOTES—22 SEPT


 

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 .

 

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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?

 image

  • 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.

 

 

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For Further Reading,
BANKNIFTY TRADING NOTES

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