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Banknifty Intraday View

Munmun Chatterjee

Technical Analyst, owner of TRADEMANIAC

Jan 23 , 2023 / 12:45 PM

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

 

Banknifty Intraday Analysis for today 

&

Bajaj finance Positional Swing trade analysis.

Banknifty Intraday Analysis:-

 Banknifty futures could gap up sharply near 42750. It may face resistance at 42751, 42829.  It has support at 42646, and 42463. All important levels are drawn on the chart. Try to take trade near magic box.

Banknifty Intraday chart

 
   

Banknifty TV chart

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Bajaj finance Positional Swing trade analysis

Positional Trade :-BAJFINANCE sell below 5845 to 5835

Target 5800, 5760,5700,5600,5540,5400

After selling, you cannot keep a stock overnight. so, one can take this trade in option.

e.g. Buy 1 lot  5700 PE feb expiry  - ₹ 117.65  

      Sell 1 lot 5500PE  - ₹ 62.45

Prob. of Profit :-34.5%

Max. Profit:- ₹ +18,100 (70.77%)

Max. Loss:- ₹ -6,900 (-26.98%)

Max. RR Ratio:- 1:2.62

Breakevens:- 0-5644.0

bajfinance swing trading 23-01-23

Tradingview TV chart:-click

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

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