BANKNIFTY: HURDLEs & BOUNCEs for 17th JULY 2017 (Spot + FUTURE)

15. Juli 2017

BANKNIFTY Spot: Settled at 23937.70, Though in NORMAL market it was: 23943.20
GAP Form in UP TREND on 13th Jul 2017. Covered some point on Friday
But Till now more point Needed to fill GAP. Crucial Level at 23730 (STRONG), to Fill GAP

Must WATCH, GANN Line "2 X 1" (Marked in Dotted Green Color, Near "Extreme SUPPORT Level", as of NOW at 23523)
For Dip fall CRUCIAL LEVEL 23546, Mentioned in "Fate of BANKNIFTY 0.47% View (WEEKLY Basis)"

Levels plotted on Chart.

Monday's Expected Trading Range: 221 -252 Points, Extended to 280 Points.
As Mentioned on previous Post "180 -205 Points, Extended to 243 Points."
Notice it was 207.70 on 14th July 2017.

USE LEVELS AS REFERENCE.

For FnO Traders:
BANKNIFTY Future Levels. LTP: 23970.4, Settled Price: 23977.40
Go LONG / Short as per Level given Below.

BEST Possible SHORT at Upper Level Near or Above @ 24106
.Some more LONG / SHORT Entry will be Updated within Market Hours.

NORMAL:
PHASE - I - RES: 24011 (Minor RES.), 24036 (Strong), 24076 - 24106 (HZ #1), 24183,
PHASE - I - SUP: 23929 (Minor RES.), 23904 (Strong), 23864 - 23835 (BZ #1), 23757,

OPTIMAL:
PHASE - II - RES: 24224 (Minor RES.), 24249 (Strong), 24290 - 24319 (HZ #2), 24397
PHASE - II - SUP: 23717 (Minor RES.), 23692 (Strong), 23653 - 23623 (BZ #2), 23546

STRATEGY: On QUERY

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Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.

Snapshot: BANKNIFTY Trade Summery of 14th Jul 2017.