Buy above 42980 with the stop loss of 42920 for the targets 43060, 43180, 43300 and 43380. Sell below 42880 with the stop loss of 42940 for the targets 42800, 42720, 42600 and 42520. Expected expiry day range is 42700 to 43300.
Global market are showing rejection on the chart. The same I have highlighted in the video.
With todays rejection move the market is expected to hit the support levels.
Disclaimer
There is a very high degree of risk involved in trading. Past results are not indicative of future returns.
Wishing You All A Happy & Prosperous New Year 2023 !!!
Short Video on Bank Nifty - The last move or idea for year 2022.
Last Price - 43115
Trading Strategy
Plan A - Important Support Zone 42900-43000
Index taking support...
Buy above 43420 with the stop loss of 43360 for the targets 43500, 43580 and 43660. Sell below 43300 with the stop loss of 43360 for the targets 43240, 43180, 43100 and 43040.
Disclaimer: Video is for educational purposes only and there is no recommendation for any trade.
The trend line is drawn taking 3 points. There is 44 DEMA crossing 200 DEMA triggering bullish signal further breakout of price above 120 would give a 1st target of 138 and 2nd target of 154. Beyond which it would be in free space.
Disclaimer
There is a very high degree of risk involved in trading. Past results are not indicative of future returns.
Short Video Outlook on BankNifty
Plan A Active & Running as published in last idea of 2022
Last Idea Published - 30th Dec 2022
