BANKNIFTY PREMARKET NOTES:-
- SGX NIFTY is 24 POINTS down showing GAP DOWN OPENING. So the BANKNIFTY also will open will 70 POINTS GAP DOWN.
- FII Activity – CASH SOLD --74 CR / INDEX FUT SOLD -- 1394 CR
- AS the DATA From LAST FEW DAYS are SHOWGIN FII’s are SELLING at INTRADAY HIGHER LEVELS.
| BANKNIFTY FUT | DEMAND | SUPPLY |
| 1 | 16149 | 16250 |
| 2 | 16037 | 16306 |
| 3 | 15966 | 16366 |
These levels are where we have to watch how market reacts and we have to take decision as per the PRICE ACTION.
DAILY CHART:-
- There is STILL RSI DIVERGENCE on DAILY CHART. Which is showing to be PLAYING.
- Yesterday we seen weakness in BANKNIFTY FUT for the FIRST TIME as DAILY CANDLE is showing RED CANDLE and HIGH of EARLIER day is not broken
- Now the ZONE will be 16366 to 16100 which broken on EITHER SIDE will give the direction.
- Banknifty Daily Candle is RED CANDLE indicating WEAKNESS.
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