Bank Nifty Future Weekly Levels - 20.11 to 24.11 - T. Marcos

Presenting the BANK NIFTY 30NOVFUT LEVELS for the week commencing from 20.11.23 to 24.11.23.

Anticipated BANK NIFTY 30NOVFUT trading ranges suggest the upper limit around 44618 and the lower limit around 42812. The potential weekly movement on either side is 903 Points from the trigger point, namely 43215.

Weekly Long Positional Levels:

Initiate a buy position at 44208
Target 1: 44273.05, Target 2: 44618
Consider adding an additional position at 44101
Standard Stoploss: 44143
Positional Stoploss: 44980

Weekly Short Positional Levels:

Initiate a sell position at 43995
Target 1: 43156, Target 2: 42812
Standard Stoploss: 43929
Positional Stoploss: 44230

Prefer follow-up trade in the trend direction. May refer daily analysis to intact in the position.

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Note: This analysis is intended for educational purposes; contemplate paper trading based on the suggested levels. I am not a SEBI registered analyst.

Comment:

Correct Trigger Point is 43715

Corrected Short Position Data:
Initiate a sell position at 43995
Target 1: 43156, Target 2: 42812
Standard Stoploss: 44060
Positional Stoploss: 44230