BANKNIFTY TRADE SETUP

-BANKNIFTY SHOWED VOLATILE MOVEMENT YESTERDAY
-TODAY IS EXPIRY EXPECT THE SAME
-BUT YESTERDAY BANKNIFTY AFTER SHARP REVERSAL FOUND SUPPRT ON ITS 100-EMA(DEMA)
-BANKNIFTY CONQUERED 22450 ON CLOSING BASIS TO MOVE HIGHER AS DISCUSSED EARLIER
-INDEX HAS NOW MULTIPLE SUPPORTS NOW PLACED BETWEEN 22200-21800
-CRUCIAL SUPPORT PLACED AT 22450 (RESISTANCE-TURNED-SUPPORT)
-AND IT MANAGED TO HOLD ABOVE IT
-NEXT TARGET ON BANKNIFTY 22800-23070-23480
-YESTERDAY TWO OF THE INITIAL TARGET WAS ACHIEVED
-I EXPECT TODAY MARKET TO TRADE IN THE RANGE OF 23070-22400
-BANKNIFTY HAS MANAGED TO BREAK ITS 4-MONTH TRADING RANGE SO IT WON'T BE EASY TO ENTER BACK
-"WAIT AND WATCH"

BANKNIFTY RESISTANCE FOR THE DAY
22820-23080-23225
BANKNIFTY SUPPORT FOR THE DAY
22480-22380-22300

!!PLEASE NOTE THE ABOVE INFORMATION IS FOR KNOWLEDGE ONLY!!
!!TRADE ACCORDING TO YOUR RISK PROFILE!!
!!SUGGEST OPTION TRADES TO NAVIGATE VOLATILITY!!
!!HAPPY TRADING!!