BANKNIFTY Intraday - 38200 - 38550 range.

Nov 17, 2021

BankNifty Intraday -

As visible Buyers got weak after every test of 38400 and now its sustaining below 38400, a change of structure.

Earlier it was sustaining above 38400 but now its sustaining below 38400.

Those buyers who bought will be looking to exit if it continues to sustain below 38400, the trigger for this may be 38200. Most selling will come below 38000 as this is a BRN.


Intraday Trade Setup Banknifty-
1. Short - if sustains below 38200 - target 38000, 37800, 37550.
2. Long - if sustains above 38550, watch for false breakout, this will mean yesterdays break was a false break.

Long term Buy - above 38750 only.