WaveTalks

BankNifty - The Last Move / Idea for 2022

WaveTalks Updated   
NSE:BANKNIFTY   NIFTY Bank Index
Disclaimer
There is a very high degree of risk involved in trading. Past results are not indicative of future returns.

Wishing You All A Happy & Prosperous New Year 2023 !!!

Short Video on Bank Nifty - The last move or idea for year 2022.
Last Price - 43115

Trading Strategy

Plan A - Important Support Zone 42900-43000
Index taking support close to this zone, we expect upside bounce 43500-43600 zone

Plan B - Important Resistance Zone 43500-43600
Kindly do your due diligence, If Index halts in 43500-43600 or close by zone upside, we expect downside move back into 42900-43000 zone

Plan C - Breaking Support Zone 42900-43000 & Holding below
Index while returning back if breaks 42900-43000 then we expect 42500 downside

Plan D- Critical Support Zone 42400-42500 if breached on downside
Falling below 42400-42500, It can attempt 41597 where we started our idea published on 23rd & 26th Dec 2022

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Last Ideas Published
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23rd Dec 2022 - Ending Diagonal Idea at bottoms of 41600


26th Dec 2022 - Bears, Bulls & Bounce 500+ Points
Comment:
2:22 PM / 2nd Jan 2023

Last @ 43081

Index is holding 42900-43000 zone which is important zone as suggested in Plan A last week.

Upside it went to 43400 approx. in the opening session, today morning & we are still open for 43500-43600 zone if Index holds 42900-43000 zone as support
Comment:
Trade active:
10:35 AM / 4th Jan 2023

Last @ 43280

Plan A
This plan is completed in 43500-43600 -------Day High 43578

Plan B -
Suggested to be careful in 43500-43600 Zone- Will it Fall to 43900-43000 & complete the target. Only time will let us know but we got a perfect start - right from the desired zone.

Comment:
12:22 PM / 4th Jan 2023

LAst @ 42960


Plan B -----------Target Done ----- 42900-43000------ Day Low @ 42905


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

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