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Banknifty Intraday View

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Munmun Chatterjee

Technical Analyst, owner of TRADEMANIAC

Jan 17 , 2023 / 09:02 AM

#banknifty •  #banknifty-view • #Bankniftyanalysis • #trademaniac •  #sharemarket •  #optionbuy •  #bankniftyStrategy • #BreakoutTrading • #swingTrading • #Intradaytrading •  #bankniftyTradeSetup •  #TrademaniacBestInstituteofShareMarket

Banknifty has good support at 42250. If take support here, don't sell.

BNF sell BELOW 42190

Target 42150,42095

If it breaks 41886, then next target is 41656. If 41656 is broken, then it will open the road of 39000, 38000. At the peak of the market 44374, only Trademaniac warned you that the market would decline.

(check my blog of 15/12-2022; link:-https://gicaedu.in/blog-details/trademaniac-banknifty--trend-15-12-2022)

 

Today's tv chart for you:-https://in.tradingview.com/chart/BANKNIFTY1!/m1I8vfpg-Banknifty-Future-Intraday-Positional-view/

 I recommend you to draw the level on your chart

 

You might now be aware that the Bank Nifty index finished just above the 38.2%  mark. Therefore, Bank Nifty may open flat today near 42200 and attempt to maintain above 42242—a 50% false mark. If Bank Nifty falls below 42140, the trend will turn negative. Bank Nifty should hold above 42250 to remain in positive territory. Bank nifty may decline in the direction of 42020 and 41876. As this type of market expect swing trading  and wait for the ideal pattern to enter.

 

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

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