Gonath

Banknifty analysis for 10 Jan 2023

Long
Gonath Updated   
NSE:BANKNIFTY   Nifty Bank Index
Buy above 42600-42700, Target would be 42900 and 43080
Sell below 42300 and 42400, Target would be 42100 and 41860

Its my analysis, Think twice before taking the trade. My view still on the sideways buy side if its crosses 42700, Lets see.
BANKNIFTY .
Comment:
Market reversed and sell below first target reached. I will always advice to go with first target only for intraday.
Trade closed: target reached:
Sell below first target reached
Comment:
Sell below second target also achived. But i always prefer to close the position in first target for consistent profits
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