Bank Nifty Trade Setup for 13th September 2022

BANKNIFTY1! is at a critical point where we can expect large move in either side. We saw a small bullish Doji type candle, which is also an inside candle at the top of the rally. We can expect a sell off as soon as it breaks the swing low for today.

If the low is broken, expect a move towards the downside with 40500, 40379 & 40118 levels acting as strong support.

In an event of upside breakout levels to watch out are 40921, 41161 & 41393