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Banknifty Intraday View

Munmun Chatterjee

Technical Analyst, owner of TRADEMANIAC

Dec 07 , 2022 / 09:07 AM

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**Disclaimer:-I'm not a SEBI registered analyst. The chart is shared only for educational purposes.

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43020 in Banknifty spot chart is the key level for a downside breakout. We are already in 100 points profit. Tomorrow, we were in 200 points profit. but we should wait for proper risk: reward.

Today Banknifty may open flat near 43190 in spot chart. If it holds above 43200 then it may reached 43350,43500. but if it breaks 43020 then we may see the target of 42850. 

As today is RBI policy, we should wait for the policy declaration.

 

TV chart:-https://in.tradingview.com/chart/BANKNIFTY1!/7LAP3xxw-Banknifty-Future-Intraday-Positional-view/