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Banknifty Intraday View

Munmun Chatterjee

Technical Analyst, owner of TRADEMANIAC

Jan 18 , 2023 / 09:13 AM

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

 
   

In the hourly chart, the Bank Nifty index is closed just above the 50% fibo level, and the break out is close to 42336. If sustain, it may go toward 42416 and 42542 and form a breakout  pattern, Bank Nifty may open today near 42343 and attempt to sustain above it. There is room to the upward extent of 42631. If the Bank Nifty index drops below 42180, keep an eye on it as it may fall as low as 42022. So, expect a swing market today and wait for the ideal pattern to appear.

Tv chart:-https://in.tradingview.com/chart/BANKNIFTY1!/QLgo4otc-Banknifty-Future-Intraday-view/

Banknifty updated image  
   

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

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