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BANKNIFTY Intraday Trade Setup For 16 Dec 2021

Nifty Bank Index (NSE:BANKNIFTY)  
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NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Harmonic Patterns Chart Patterns BANKNIFTY bankniftytradesetup bankniftyanalysis bankniftyoptions bankniftylevels bankniftyintradaylevels bankniftytradeidea bankniftyintradaytradesetup niftybank
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trendanalysis harmonicpatterns chartpattern banknifty bankniftytradesetup bankniftyanalysis bankniftyoptions bankniftylevels bankniftyintradaylevels bankniftytradeidea bankniftyintradaytradesetup niftybank
BANKNIFTY Intraday Trade Setup For 16 Dec 2021

Buy-Above 37100
Sl-37000
T-37270 37400 37600

Sell-Below 36700
Sl-36800
T-36500 36240 36060

BANKNIFTY has once again traded in a complete range. BANKNIFTY tried twice to break 37000 but could not sustain.
Tomorrow this range will be used to setup our trade for the expiry day.
This range shift will give us 300 points either side at a go.

Also remember that if range is broken at lower side then 36500 will give a strong support. So, consider booking partial profits there. And if index will breach once again then we will build our short once again.

Expiry Range - 37000 and 36500

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NIFTY Trade Setup For 16 Dec 2021
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