Nifty Bank Index

#banknfity intraday view for 20th Dec'21:- #inverted scale

#banknfity intraday view for 20th Dec'21:- #inverted scale:-

The scale is inverted to give a better viewpoint, don't get confused with the daily time frame analysis which I posted before.

Both of different wrt time.

The market is hugely oversold and bounces till 36,400 is on cards, which might be an area to initiate fresh short on the positional basis with SL of 37,582.

Regards,
SG

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