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Banknifty Intraday View & Positional view on 06th December 2022

Munmun Chatterjee

Technical Analyst, owner of TRADEMANIAC

Dec 06 , 2022 / 08:59 AM

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As discussed in the last few analysis, I'm already in a bearish view. you can check my previous blog with the Tradingview TV chart.

I have already shared the trade of Banknifty future sell along with Banknifty monthly call buy with all of you on Telegram educational channel. Students of Trademaniac already know that today Banknifty is likely to gap down because yesterday Banknifty had moved up from the bottom and taken resistance at the trendline. Look, how beautiful the market is. Today you enter the era of profit again. If you listen to me then don't exit at Rs 5000 to 10000 profit. Take at least Rs.15k to 20k profit or  Rs.7.5k loss. It has the potential of profit of 50k to 70k.

               From an Intraday point of view, the Banknifty index may open near 43220 and may try to reach 43320 & here you can see a short covering rally till 43500-600. If it breaks 43132 then the downfall may start.