Post RBI Event Expected Movement On Short Side.

BANKNIFTY is consolidating on Upper Side, with Resistance facing for 3rd Time, Volumes are Low and momentum is not picking on Upside Yet !
If Post-RBI Policy event, this Upside Momentum doesn't occur & failure of Ascending Triangle Breakout, BANKNIFTY may immediately correct if Rising Trendline is broken.

Expected Price movement on downside is Projected at 23336-23232-23089-22975.
Stoploss 23640 !

Comment:

Setup Active Only below 23336 on Spot !

Comment:

Buy BANKNIFTY 23300 PE, 08-06-17 Expiry, above Rs.77.
Stoploss: 48.
Target: 302.
For this Setup.!

Comment:

Now this Level is the decisive point for BANKNIFTY .