BANKNIFTY PREMARKET NOTES:-
- SGX NIFTY is 24 POINTS GAP DOWN showing FLAT to NEGATIVE OPENING . So the BANKNIFTY also will open will around 70-80 POINTS GAP DOWN.
- FII Activity – IN CASH SOLD --485 CR / INDEX FUT BOUGHT ++232 CR
| BANKNIFTY FUT | DEMAND | SUPPLY |
| 1 | 15347 | 15524 |
| 2 | 15198 | 16625 |
| 3 | 16723 |
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?
- Short term in downtrend but these levels in green circles shown are expected to hold. Lets see the Price action at these points.
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