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Nifty Bank Index
Long

Banknifty View - 26 December 2023

By pr0p
Updated

  1. The market will remain sideways from 47650 to 47737. I will plan a finnifty short strangle or sell puts with appropriate risk to reward.
  2. Market sentiment today is bullish. So we can plan a bullish trade—SL with 47650 and Target as 47830.
  3. The market will be bearish if it sustains below 47600. The target will be 47450, and then I will trail. But for now, my view is sideways to bullish.
Trade active
Currently Active
Note
Booked 80% at 47820
Trade closed: target reached
Closed the trade
BANKNIFTYbankniftyanalysisbankniftyintradaylevelsbankniftylevelsbankniftyoptionsbankniftytradesetupbankniftytrendbankniftyviewSupply and DemandSupport and ResistanceTrend Lines
pr0p
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