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Banknifty Intraday trade Setup for 9 Nov 2021

Nifty Bank Index (NSE:BANKNIFTY)  
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NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Harmonic Patterns Chart Patterns BANKNIFTY bankniftytradesetup bankniftyanalysis bankniftytrend bankniftytrading bankniftyoptions bankniftylevels niftybank
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trendanalysis harmonicpatterns chartpattern banknifty bankniftytradesetup bankniftyanalysis bankniftytrend bankniftytrading bankniftyoptions bankniftylevels niftybank
Banknifty Intraday trade Setup for 9 Nov 2021
Buy-Above 39520
Sl-39440
T-39741 39981

Sell-Below 39350
Sl-39620
T-39170 39000

Banknifty is weaker than nifty. Consider it shorting from the above given level. Price structure in daily timeframe is still negative.
Short Covering move will come if trendline resistance is broken. If it closes above the dynamic trendline resistance then a sharp pullback is expected.
It has both the sides open and have enough space both the direction.

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NIFTY Intraday Trade Setup For 9 Nov 2021
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