pn202377

Blasting analysis of Banknifty for 27/01/23

Long
pn202377 Updated   
NSE:BANKNIFTY   NIFTY BANK
Hi folks,
Again i posted the analysis for Banknifty .

BANKNIFTY will be gap-up or it may show a good upside rally basically it is not a upside rally it will be a pullback if it wants to fall or give a healthy correction after a long time. But remember unexpected gap-down or sideways market may trap you so use small sl . If market opens gap-down then avoid trading and also there is some news in the market which i'm not sure so will not tell here.

Nothing more. Just simple analysis if it happens i will trade otherwise I can avoid if market performs against my analysis.

Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice
Comment:
I will not trade right now
Comment:
if today's low broken then we can have good mid-term bearish trend otherwise avoid trading in first half
Comment:
now it is looking suspicious i think market is trying to hit the liquidity then go up
Trade closed manually:
No entry
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.