BankNifty 19.12.2022 bearish view

Dec 18, 2022

BANKNIFTY
BankNifty 19.12.2022 bearish view
CMP 43,219
View Bearish
1. 43080 to 43125 demand zone is weak and price already tested from here. So no support or no buyer demand near buy. Looks Bearish
consider to buy a ATM put at following points.
2. if market open flat / dull then at 43,000/- if open high still consider to buy a ATM put.
3. next demand zone is 42,681 to 42742 that can provide support for the falling price , so 200 possible to capture. if zone is broken then next support will be at 42,225-42,275.

Disclaimer: Analysis is for training and education purpose. author may enter in trade, take your own decision , This is an trading idea not an trading or Investment advice. consult your financial advisor before investing.

Dec 19, 2022

Trade closed: stop reached

Today's analysis did nor worked, SL Hit