Friday, October 10, 2014

BANKNIFTY PREMARKET NOTES – 10 OCT


 

BANKNIFTY PREMARKET NOTES:-

  • SGX NIFTY  is   59 POINTS  DOWN showing   BIG GAP DOWN OPENING  . So the BANKNIFTY also will open will around 150-200 POINTS GAP DOWN.
  • FII Activity – IN CASH SOLD --20 CR INDEX FUT BOUGHT --566 CR

 

BANKNIFTY FUT DEMAND SUPPLY
1 15431 15860
2 15286 16012
3 15168 16180

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

  • As we expected yesterday it played the POSITIVE DIVERGENCE well and given a big upmove on the cues from US. And now today cues from US are negative with BIG fall in US
  • We can see hourly chart of BANKNIFTY above which clearly showing where BNF went yesterday… it reached the level where SUPPORT become resistance… and this may go further to break the recent lows made by BNF.

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For Further Reading,
BANKNIFTY TRADING NOTES

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