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nmcapital44

Banknifty analysis for 29/12/2021

Long
Nifty Bank Index (NSE:BANKNIFTY)  
nmcapital44  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns Beyond Technical Analysis niftybank BANKNIFTY tradingsetup bankniftytrend buysetup sellsetup rangebound NIFTY bankniftyanalysis
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trendanalysis chartpattern beyondta niftybank banknifty tradingsetup bankniftytrend buysetup sellsetup rangebound nifty bankniftyanalysis
Banknifty finding base from last 7 trading sessions and didn't break previous low.
And from last 7 days it is range bound also in wider range.

Immediate resistance is placed at 35350 let it break then we can see 35550 and 35700 level.

On the flip side 35000 will act as a strong support for this bounce back.

Trading level

Buy above 35350
Target 35480, 35550, 35650
Sl 35170

Sell below 35140 for 35000.
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