BANKNIFTY Intraday Trade Setup For 23 Sep 2022
T-41221 41377 41529
T-40300 40065 39867
BANKNIFTY has closed on a negative note with 1.39% cut. The daily candle is a spinning top which is a sign of indecision and these candle are formed whenever index trades in range. Range is 40280 and 41850. Breakout of this...
Today's will be gap up opening in banknifty. After opening if banknifty sustain above 38550 level then expected upside rally upto 300-400 points. and downside expected below 38450 level. and this can extend for further upto 37550 in case banknifty starts trading below 37950 level.
Today will be slightly gap up opening in banknifty .After opening if banknifty sustain above 36000 level and starts trading above 36050 then expected further upside rally upto 36450+ level. Any down side chances only expected below 35950 level.
Nifty & Bank Nifty have crossed Descending channel and are in the upward channel as of now. If there is any strong breakout of the channel, kindly long with a confirmation candle & if you see reversal candles from the edge of the channel kindly short with a small stop loss above the channel.
Good Evening, today we have got no change as compared to yesterdays charts, hence the levels are ditto and i have not posted indivudual charts today as u can refer the individual charts which i posted yesterday for reference.
As We discussed earlier Bank nifty break 35500 level then face face Resistance @35800 levels and fell upto 35500 levels.
* We can consider this as trendline breakout and Retest if BN took Support @35500 levels and Raise & The chances of up move upto 36000 to 36500 levels.
* If BN fell From 35500 levels then We have to Short next Support Will be 35000 & 34650...