Bank Nifty - View and Levels for 22 Nov 2022
Bank Nifty Intraday levels for Tomorrow..
Bank Nifty negatively aligned and the sentiment is positive for tomorrow. Even though Nifty looks weaker the Banknifty holds good not to fall. It was very Range market today where Bank Nifty was trading in range.
Incase any breakout/Open above 42390, we can expect strong upmove - 1st Target will be 42422
If closes below 42210 level, 42162 on downside will get tested.
Between 42220 and 42390, its going to be Rangebound/Volatile move.
Support and Resistance Zones - When price breaks the zone, Support zone will become Resistance and Resistance zone will become Support.
For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Bank Nifty negatively aligned and the sentiment is positive for tomorrow. Even though Nifty looks weaker the Banknifty holds good not to fall. It was very Range market today where Bank Nifty was trading in range.
Incase any breakout/Open above 42390, we can expect strong upmove - 1st Target will be 42422
If closes below 42210 level, 42162 on downside will get tested.
Between 42220 and 42390, its going to be Rangebound/Volatile move.
Support and Resistance Zones - When price breaks the zone, Support zone will become Resistance and Resistance zone will become Support.
For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Don't forget to Follow me..
Join my telegram
Telegram Channel Link - t.me/viventraders
Join my telegram
Telegram Channel Link - t.me/viventraders
Related publications
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.