NIfty has given breakout on the downside from the consolidation zone and moved towards 17500, took support there and finished the week at 17600.
It is highly unlikely that downside is over and that it may open with a gap up scenario even if global cues are positive. A flat open is not tradeable as Nifty might move to upside or downside and no way of knowing what...
Today will be a flat opening in BANKNIFTY . Expected opening below 40450 Level. After opening possible reversal of 400-500 points from 40450 level. And this can extend for another 400 points if it gives breakdown of 39950 level. Any Bullish rally is only expected in case banknifty starts trading and sustains above 40550 level.
Buy above 17660 with the stop loss of 17620 for the targets 17700, 17740 and 17780. Sell below 17580 with the stop loss of 17620 for the targets 17540, 17500 and 17460. Wait for the trade set up and trade.
NIFTY Intraday Trade Setup For 30 Jan 2023
Buy-Above 17635
Sl-17585
T- 17745 17850
Sell-Below 17490
Sl-17540
T- 17395 17295 17165
NIFTY has closed on a bearish sentiment last day and last week. Last week it closed with 2.35% cut. A parabolic down move was seen last week. Weekly range which was valid for last 1 month shifted last week. After a pullback below...
Nifty will be flat opening in today's session. After opening nifty sustain below 17600 level and then possible downside rally up to 17500 in today's session. in case nifty trades above the 17650 level then the upside target can go up to the 17770 level.
BANKNIFTY Intraday Trade Setup For 30 Jan 2023
Buy-Above 40485
Sl-40375
T-40775 41075
Sell-Below 40145
Sl-40255
T-39845 39500
BANKNIFTY has closed on bearish sentiment last day and last week. Last week was one of the largest weekly cuts in the recent months. It was being updated since last 2 weeks that if in any case index tests the support zones which were...
Expectations for Today: Volatile day
Intraday Levels:
Buy Above - 17670
Sell Below - 17480
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InvestPro India Team
Buy above 40420 with the stop loss of 40360 for the targets 40480, 40540, 40620, 40700 and 40780. Sell below 40280 with the stop loss of 40340 for the targets 40220, 40160, 40040, 39960 and 39840.
The global market indicates a neutral start. The market nature is bearish. If the initial market takes pullback then we expect a 3wave structure, it may reach min 38% fib level. After that, if the market rejects around there, then we will expect a correction. On the other hand, if the initial market declines, then the correction will continue.
The global market indicates a neutral start. The market nature is bearish. If the initial market takes pullback then we expect a 3wave structure, it may reach min 38% fib level. After that, if the market rejects around there, then we will expect a correction. On the other hand, if the initial market declines, then the correction will continue.
Expectations for Today: Volatile day
Intraday Levels:
Buy Above - 40560
Sell Below - 40200
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
17672 above break trendline and horizontal Resistance break then buy
17672 important resistance go for shorts nifty tomorrow okh
17500 majar round levels support
The global market indicates a neutral start. The market nature is bearish. If the initial market takes pullback then we expect a 3wave structure, it may reach min 38% fib level. After that, if the market rejects around there, then we will expect a correction. On the other hand, if the initial market declines, then the correction will continue.
![BANKNIFTY: [INTRADAY] #BANKNIFTY PE & CE Levels(30/01/2023)](https://s3.tradingview.com/l/LI4zdcCg_mid.png "[INTRADAY] #BANKNIFTY PE & CE Levels(30/01/2023)")
