BANKNIFTY INDEX PRICE ACTION EXPECTATED FOR THE DAY

INDEX SUMMARY

-BANKNIFTY HAD CORRECTED 1300 POINTS FROM THE TOP
-ALREADY HAS COVERED 800 POINTS OF THAT FALL
-EXPECT ANOTHER 300 POINTS COVER IN THE OPENING TODAY
-WEEKLY CHARTS ON BANKING STOCK INDICATES GOOD MOMENTUM ON THE UPSIDE
-ICICI BANK AND CAN EXPECT A RUN TO 500 TODAY
-NEW RANGE ON 30-MIN CHART IS VISIBLE RANGING FROM 27820-28820
-CRUCIAL RESISTANCE KICKS IN @29250-29600
-CRUCIAL SUPPORT KICKS IN @27820
-WAIT AND WATCH APPROACH
-NO DASH TRADES AVAILABLE


BANKNIFTY RESISTANCE FOR THE DAY
28800-29200-29660( FUT )
BANKNIFTY SUPPORT FOR THE DAY
28260-27820-27400 ( FUT )

SCREENSHOT


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