The_Indus_Trader

Bank Nifty Intraday for 18/01/2022

NSE:BANKNIFTY   Nifty Bank Index
Here, Bank Nifty if it breaks the trend we can take scalping entry at the retest of the trend line.

and 38536 if the 0.6 Fibonacci level and we can book profits there and we can wait for a break out of that level and take entry a long position.

and in case Bank Nifty breaks down the as the 38084 level then we can short for a short position, this level is Fibonacci 1.27 extension level of recent impulse

37946 is the key important support for Bank Nifty for Tomorrow.

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