BANKNIFTY Spot: 23466.65
Trading Above GANN FAN "2X1" line After First Hour of Trade.
But can't sustain in Last Hour of Trade.
15 Min candle Pattern Shows "Bullish PIN"
A "Bullish PIN" after a LONG Bear Candle generally Indicates to form a Bullish Pattern Namely "MORNING DOJI STAR"
(Here "Bullish PIN" also Known to us as " Lower DOJI")
Intraday Hurdles & Bounces for Tomorrow (07th JULY 2017).
Hurdle Zone #1 23556 - 23583
Hurdle Zone #2 23749 - 23776
Bounce Zone #1 23365 - 23338
Bounce Zone #2 23174 - 23148.
Trading Range: 155 -190 Point, Extended to 225 Point.
Today's Trading Range was: 23540.15 (H) -23369.50 (L) => 170.65Point
Rest Levels & GANN Lines plotted on Chart.
USE LEVELS AS REFERENCE.
For FnO Traders (Levels are):
Go LONG: @ 23436 - @ 23413 Zone
PHASE - I - RES: 23510 (Minor RES.), 23533 (Strong), 23568 - 23595 (HZ #1), 23665,
PHASE - I - SUP: 23436 (Minor RES.), 23413 (Strong), 23377 - 23351 (BZ #1),23281
PHASE - II - RES: 23701 (Minor RES.), 23725 (Strong), 23761 - 23788 (HZ #2), 23858,
PHASE - II - SUP: 23245 (Minor RES.), 23222 (Strong), 23186 - 23159 (BZ #2),23091,
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Disclaimer: Only For STUDY.
For taking Trade Decision Consult Financial Advisor.