BANKNIFTY: HURDLEs & BOUNCEs for 06th JULY 2017.

BANKNIFTY: At 23352.60
Trading Between GANN FAN "3 X 1" & "2X1" lines.
Intraday Hurdles & Bounces for Tomorrow (06th JULY 2017).
Hurdle Zone #1 23458 - 23485
Hurdle Zone #2 23650 - 23677

Bounce Zone #1 23268 - 23241
Bounce Zone #2 23078 - 23051.

Trading Range: 190 -217 Point, Extended to 245 Point.
Today's Trading Range was: 23379.70 (H) -23205.85 (L) => 173.85 Point
Rest Levels & GANN Lines plotted on Chart.
Go LONG (Near Bounce Zone) / SHORT (Near HURDLE Zone) / As per Level & Momentum.

USE LEVELS AS REFERENCE.

For FnO Traders (Levels are):

PHASE - I - RES: 23444 (Minor RES.), 23467 (Strong), 23503 - 23529 (HZ #1), 23599,
PHASE - I - SUP: 23371 (Minor RES.), 23348 (Strong), 23312 - 23286 (BZ #1),23216

PHASE - II - RES: 23636 (Minor RES.), 23658 (Strong), 23695 - 23721 (HZ #2), 23791,
PHASE - II - SUP: 23180 (Minor RES.), 23157 (Strong), 23122 - 23095 (BZ #2),23026,


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Disclaimer: Only For STUDY.
For taking Trade Decision Consult Financial Advisor.

Comment:

BankNIFTY inching towards HZ #1.
Potency Decreased (Less Steam Left)
Needs EXTRA Steam to cross Hurdle.

Comment:

Summery as of NOW:
Taken Support at "Minor 23399' in 1st hour of Trade.
Test HZ #1 7 Crossed in Following Hour.
Made High 23519.
My verdict: BULLS Loosing Ground.
to retain ground try to Jerk & lift to Near 23554 Level (Due to BankNIFTY Weekly Exp. possibility is there).

Comment:

BankNIFTY spot at 23490, & BNF: 23520

Comment:

Can we See like this?

Trade closed: target reached:

Test GANN FAN "3 X 1", but failed to sustain in Last Hour of Trade.