Banknifty setup for Tuesday 04/01/2022
On Monday we see huge rally after breaking 35500 resistance.
From here there are multiple resistance on every 500 points.
Those resistance will be our target, breaking above previous resistance.
Trend is shifting from bearish to bullish.
Trade setup
Buy above 36500 target 37000.
There is no selling setup yet.
For selling need to observe inrtaday development.
From here there are multiple resistance on every 500 points.
Those resistance will be our target, breaking above previous resistance.
Trend is shifting from bearish to bullish.
Trade setup
Buy above 36500 target 37000.
There is no selling setup yet.
For selling need to observe inrtaday development.
Note
Banknifty 36500 to 36840.
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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.