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Banknifty Intraday View & Positional view

bankinifty analysis chart 02-1
Munmun Chatterjee

Technical Analyst, owner of TRADEMANIAC

Jan 02 , 2023 / 09:15 AM

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 Bank Nifty Future could start out flat around 43200. Bank Nifty index must maintain a position above 42855. In order to enter, go up to 43205, Bank Nifty must first establish a strong pattern above 43000. In order to learn how to trade breakout  in the live market, learners can use the Bank Nifty live Telegram alert Learn strategy, have all of your questions answered, and practise in live markets while receiving real-time market alerts by enrolling in our online/offline advaned price action course on advanced technical analysis.

Above magic box, banknifty is bullish.

If banknifty fut break lower first line, then target is lower second line. I'm still bearish as I have shared my analysis on 15/12/2022. yes, it is bullish in monthly chart. Now, we have to watch momentum.

 

TV chart :-https://in.tradingview.com/chart/BANKNIFTY1!/PdCCnE9m-Banknifty-Future-Intraday-Positional-view/