BANKNIFTY TRADE SETUP FOR THE DAY

-as we expected banknifty did give a good fight in the morning on the upside
-our resistance level of 36215 remained failed to be broken
-though banknifty index out-perform the nifty index
-we can see similar action in both the index moving forward
-i expect banknifty to show relative strength as compared to nifty
-those the fall shall remain slow but immient
-break of the range 35550-36540 is proving to be worrying some
-crucial resistance remains@36215
-crucial support kicks in@34415
-i expect strong buying to comeback near the levels of 34400-34070
-wait and watch approach
-not as bearish as nifty can be

BANKNIFTY RESISTANCE FOR THE DAY
35550-36215-36540-36850
BANKNIFTY SUPPORT FOR THE DAY
34870-34300-34000