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nmcapital44

Banknifty setup for Tuesday 04/01/2022

Long
Nifty Bank Index (NSE:BANKNIFTY)  
nmcapital44 Updated   
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Technical Indicators Chart Patterns BANKNIFTY banknifylong bankniftytradesetup bankniftyanalysis bankniftytrading bankniftyoptions bankniftyintradaylevels bankniftytrend bankniftylevels
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trendanalysis indicator chartpattern banknifty banknifylong bankniftytradesetup bankniftyanalysis bankniftytrading bankniftyoptions bankniftyintradaylevels bankniftytrend bankniftylevels
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.
Comment:
Banknifty 36500 to 36840.
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