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Nifty Bank Index
Long
Updated

Banknifty View - 26 December 2023

213

  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
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BANKNIFTYbankniftyanalysisbankniftyintradaylevelsbankniftylevelsbankniftyoptionsbankniftytradesetupbankniftytrendbankniftyviewSupply and DemandSupport and ResistanceTrend Lines
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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.