BANKNIFTY: At 23352.60
Trading Between GANN FAN "3 X 1" & "2X1" lines.
Intraday Hurdles & Bounces for Tomorrow (06th JULY 2017).
Hurdle Zone #1 23458 - 23485
Hurdle Zone #2 23650 - 23677
Bounce Zone #1 23268 - 23241
Bounce Zone #2 23078 - 23051.
Trading Range: 190 -217 Point, Extended to 245 Point.
Today's Trading Range was: 23379.70 (H) -23205.85 (L) => 173.85 Point
Rest Levels & GANN Lines plotted on Chart.
Go LONG (Near Bounce Zone) / SHORT (Near HURDLE Zone) / As per Level & Momentum.
USE LEVELS AS REFERENCE.
For FnO Traders (Levels are):
PHASE - I - RES: 23444 (Minor RES.), 23467 (Strong), 23503 - 23529 (HZ #1), 23599,
PHASE - I - SUP: 23371 (Minor RES.), 23348 (Strong), 23312 - 23286 (BZ #1),23216
PHASE - II - RES: 23636 (Minor RES.), 23658 (Strong), 23695 - 23721 (HZ #2), 23791,
PHASE - II - SUP: 23180 (Minor RES.), 23157 (Strong), 23122 - 23095 (BZ #2),23026,
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Disclaimer: Only For STUDY.
For taking Trade Decision Consult Financial Advisor.
Trading Between GANN FAN "3 X 1" & "2X1" lines.
Intraday Hurdles & Bounces for Tomorrow (06th JULY 2017).
Hurdle Zone #1 23458 - 23485
Hurdle Zone #2 23650 - 23677
Bounce Zone #1 23268 - 23241
Bounce Zone #2 23078 - 23051.
Trading Range: 190 -217 Point, Extended to 245 Point.
Today's Trading Range was: 23379.70 (H) -23205.85 (L) => 173.85 Point
Rest Levels & GANN Lines plotted on Chart.
Go LONG (Near Bounce Zone) / SHORT (Near HURDLE Zone) / As per Level & Momentum.
USE LEVELS AS REFERENCE.
For FnO Traders (Levels are):
PHASE - I - RES: 23444 (Minor RES.), 23467 (Strong), 23503 - 23529 (HZ #1), 23599,
PHASE - I - SUP: 23371 (Minor RES.), 23348 (Strong), 23312 - 23286 (BZ #1),23216
PHASE - II - RES: 23636 (Minor RES.), 23658 (Strong), 23695 - 23721 (HZ #2), 23791,
PHASE - II - SUP: 23180 (Minor RES.), 23157 (Strong), 23122 - 23095 (BZ #2),23026,
If you think this post enrich your knowledge and would help you in trading,
Please don't forget to Hit / Click Like button.
Your likes are the only motivation to post better ideas in future.
Disclaimer: Only For STUDY.
For taking Trade Decision Consult Financial Advisor.
Note
BankNIFTY inching towards HZ #1.Potency Decreased (Less Steam Left)
Needs EXTRA Steam to cross Hurdle.
Note
Summery as of NOW:Taken Support at "Minor 23399' in 1st hour of Trade.
Test HZ #1 7 Crossed in Following Hour.
Made High 23519.
My verdict: BULLS Loosing Ground.
to retain ground try to Jerk & lift to Near 23554 Level (Due to BankNIFTY Weekly Exp. possibility is there).
Note
BankNIFTY spot at 23490, & BNF: 23520Note
Can we See like this?Trade closed: target reached
Test GANN FAN "3 X 1", but failed to sustain in Last Hour of Trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.