#BANKNIFTY Trade Scenarios for Today.
SCENARIO 1
BUY ABOVE 34500 WITH TIGHT STOP LOSS. PRICE WILL MOVE RAPIDLY ABOVE 35700.
IF WE SEE A PULLBACK @35614 SELL FOR A SMALL TARGET 35400
SCENARIO 2
BUY ABOVE 35020 IF WE SEE A RETRACEMENT @35020
SELL BELOW 35020 WE SEE A STRONG BREAKOUT.
STRONG SUPPORT: 35020
STRONG RESISTANCE RANGE: 35614
IMMEDIATE RESISTANCE: 35339
RESISTANCE RANGE: 35500 -35700
BANKNIFTYOPTIONS TO LOOK FOR
BANKNIFTY 35400 CE 1 JULY
BANKNIFTY 35000 PE 1 JULY
SCENARIO 1
BUY ABOVE 34500 WITH TIGHT STOP LOSS. PRICE WILL MOVE RAPIDLY ABOVE 35700.
IF WE SEE A PULLBACK @35614 SELL FOR A SMALL TARGET 35400
SCENARIO 2
BUY ABOVE 35020 IF WE SEE A RETRACEMENT @35020
SELL BELOW 35020 WE SEE A STRONG BREAKOUT.
STRONG SUPPORT: 35020
STRONG RESISTANCE RANGE: 35614
IMMEDIATE RESISTANCE: 35339
RESISTANCE RANGE: 35500 -35700
BANKNIFTYOPTIONS TO LOOK FOR
BANKNIFTY 35400 CE 1 JULY
BANKNIFTY 35000 PE 1 JULY