Get started
nmcapital44

Banknifty setup for 05/01/2022

Long
Nifty Bank Index (NSE:BANKNIFTY)  
nmcapital44 Updated   
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns Technical Indicators BANKNIFTY bankniftytrend bankniftytradesetup bankniftytrading bankniftyanalysis bankniftyoptions bankniftylevels bankniftyintradaylevels bankniftyview
3
1
trendanalysis chartpattern indicator banknifty bankniftytrend bankniftytradesetup bankniftytrading bankniftyanalysis bankniftyoptions bankniftylevels bankniftyintradaylevels bankniftyview
In our previous analysis we suggested to buy above 36500.
Today banknifty made 36887 high.

Today banknifty under performed and vlosed below 36900.

Trading setup

Buy above 37050
Target 35430
Sl 36950

Above 37000 short covering will trigger and we can see a huge rally again.

Trend is bullish.
Comment:
Banknifty met target 37430. made high 37450
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.