#Banknifty directions and levels for January 22nd, Wednesday
Bank Nifty Current View:
The current view for Bank Nifty aligns with Nifty. If the gap-up doesn't sustain or the market breaks the previous low with consolidation, we can expect the correction to continue toward the levels of 48309 to MPZ.
Alternate View:
If the gap-up sustains, we can approach Bank Nifty as a range-bound market as well. Traders can look for breakout entries. For instance, if the market breaks 48848, we can anticipate a move toward 49031.
The current view for Bank Nifty aligns with Nifty. If the gap-up doesn't sustain or the market breaks the previous low with consolidation, we can expect the correction to continue toward the levels of 48309 to MPZ.
Alternate View:
If the gap-up sustains, we can approach Bank Nifty as a range-bound market as well. Traders can look for breakout entries. For instance, if the market breaks 48848, we can anticipate a move toward 49031.
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