BANKNIFTY PREMARKET NOTES:-
- SGX NIFTY is 35 POINTS DOWN showing GAP DOWN OPENING after yesterdays PAUSE CO . So the BANKNIFTY also will open will around 100 POINTS GAP down.
- FII Activity – CASH BOUGHT ++136 CR / INDEX FUT BOUGHT ++52 CR
| BANKNIFTY FUT | DEMAND | SUPPLY |
| 1 | 15807 | 15990 |
| 2 | 15730 | 16115 |
| 3 | -- | 16210 |
These levels are where we have to watch how market reacts and we have to take decision as per the PRICE ACTION.
DAILY CHART:-
- After a BIG DOWNMOVE on16 Sept Banknifty taken a PAUSE Yesterday.
- . And Still Banknifty weakness is looking to be continued. There are no SIGNS of recovery is till shown.
- Banknifty Daily Candle is CONTINUATION BEARISH CANDLE .
- Now as the DAILY CHART SHOWs BANKNIFTY CAN have a GOOD SUPPORT at 15730.
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