BANKNIFTY TRADE SETUP

-BANKNIFTY IS SHOWING SIGNS OF WEAKNESS AND FURTHER PRESSURE
-INDEX IS CONSTANTLY BREAKING BELOW 50-EMA AND MAKING A COMEBACK
-AS WE DISCUSSED 21150-21200 IS ACTING A CRUCIAL SUPPORT ZONE FOR BANKNIFTY
-IT TESTED 21050 ALSO AND BOUNCED BACK
-IT IS CLEAR THAT BREAK OF 21050 WILL LEAD TO DOWNFALL BANKNIFTY CAN TEST 20870
-CRUCIAL SUPPORT 21150
-CRUCIAL RESISTANCE 21670
-BANKNIFTY RUNS INTO MAJOR RESISTANCE AT 21800-21960
-"WAIT FOR A BREAK"

BANKNIFTY RESISTANCE FOR THE DAY
21960-21800-21670
BANKNIFTY SUPPORT FOR THE DAY
21200-21150-21050


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