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Banknifty Intraday View

Munmun Chatterjee

Technical Analyst, owner of TRADEMANIAC

Mar 22 , 2023 / 09:24 AM

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

Banknifty broader view

Banknifty may continue to decline in April. In the month of April, one small candle might form. Banknifty will be bullish in the months of May, June, and July. Banknifty could decline until 38000–37500. Consequently, one could take part in positional long trade in May..My target is 42000, 44000, 45000,46000

Intraday view

Banknifty should retrace at the level of 39896. If Banknifty breaks upper magic box with volume, it  may reach 40450

Bnf sell below 39994

 Target 39896 (main target), 39770

SL 40000

TV chart for intraday:-https://in.tradingview.com/chart/BANKNIFTY1!/9gnm4Pwh-Banknifty-Future-Intraday-Positional-view/

 

TV chart:-https://in.tradingview.com/chart/BANKNIFTY1!/3hbeM7pZ-Banknifty-Future-Intraday-Positional-view/