BANKNIFTY Spot: Settled at 23695.45, Though in NORMAL market it was:23719.35
Touched GANN FAN "2X1" line & Closed at GANN Arch 4 X 1
Must WATCH, Made a LOW at 23523.65 (DOUBLE Bottom),
Near CRUCIAL LEVEL 23546, Mentioned in "Fate of BANKNIFTY View (WEEKLY Basis)"
Intraday Hurdles & Bounces for 13th JULY 2017.
Levels & GANN Lines plotted on Chart.
Trading Range: 202 -227 Points, Extended to 263 Points.
23523 - 23569, Looks Crucial as REVERSAL Zone.
USE LEVELS AS REFERENCE.
For FnO Traders:
BANKNIFTY Future Levels. LTP: 23747.15, Settled Price: 23721.35
Go LONG / Short as per Level given Below.
.
NORMAL:
PHASE - I - RES: 23782 (Minor RES.), 23803 (Strong), 23836 - 23861 (HZ #1), 23926,
PHASE - I - SUP: 23713 (Minor RES.), 23692 (Strong), 23659 - 23634 (BZ #1), 23569,
OPTIMAL:
PHASE - II - RES: 23960 (Minor RES.), 23981 (Strong), 24015 - 24040 (HZ #2),24105
PHASE - II - SUP: 23535 (Minor RES.), 23515 (Strong), 23481 - 23457 (BZ #2),23392
Some more LONG / SHORT Entry will be Updated within Market Hours.
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Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.