Bank Nifty - What A Fall !!! 43500-43600 / Upside Push?

WaveTalks Updated   
NSE:BANKNIFTY   Nifty Bank Index
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Short Video
The current fall looks very sharp & nature of X-wave from wave analysis perspective & as suggested if 42400-42500 holds then bounce can be expected upside towards 42800 / above 42800 to 43100-43200 / above 43200 for highs of 43500 back

Once it falls below 42298 - current day, it can attempt 41597 lows as per Plan-D from last move / idea for 2022.

Thanks for watching.

Trade active:
10:20 AM / 6th Jan 2023

Last @ 42325

Index is in complex correction & it will do ups & downs several times + you have to take care as suggested that every upside bounce selling will be coming. This zone 42400-42500 is important with +/- 100 points on either direction

that means 42300 which is 100 points below & 42600 which is +100 points above the range 42400-42500 are most important levels & Index will move in respective direction -if holds
10:53 AM / 6th Jan 2023

Last @ 42350

Traders's emotions will get tested close to 42300 downside & 42600 upside as suggested in the last comment above.
12:13 PM / 6th Jan 2023

Last - 42308

To avoid any surprises traders have to take position next either above 42375 or going below 42300 this time can be sharp move downside testing 41900-41950 minor support zone
Trade closed manually:
12:31 PM / 6th Jan 2023

Last - 42232

Dropped to 42193 . Kindly manage the risk & trade carefully. Thank you
Trade closed manually:
1:36 PM / 6th Jan 2023

Last @ 41971

Day Low @ 41916 ----------Index slipped to 41900 -41950 zone as suggested an hour back. Thank you

Last Picture of the Day for BankNifty.

Best Regards,
Abhishek H. Singh
​Growth Director - TradingView India

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