BANKNIFTY INTRADAY 22-12-2021
Updated
1. PLEASE NOTE THE LEVELS AND THE TARGETS
2. if the BNF opens above the Target 1 it will touch target 3
3. If it opens weak it will fall and touch the trendline and bounce back from supply zone
4. PSU and Private Index improving leaving aside HDFC , if HDFC rises it will contribute well to Banknifty
5. ATR Indicated BUy signal at current levels .
Like if u agree with the analysis
2. if the BNF opens above the Target 1 it will touch target 3
3. If it opens weak it will fall and touch the trendline and bounce back from supply zone
4. PSU and Private Index improving leaving aside HDFC , if HDFC rises it will contribute well to Banknifty
5. ATR Indicated BUy signal at current levels .
Like if u agree with the analysis
Note
1.It break down from he Trainge Pattern and provie opprtunity to create short position in intraday2. 35275 is a major resistance , Observe my previous chart on PSU index and Pvt bank Index , It give faire idea , How the market is trending
3. Observe the Levels strictly and trade with strich stopp loss
4. STrategy : If Open => highe of previosu day , go long and short if its below taek decson based on at what levels the market opens .
5. Like if you agree , so far so good the levels are in tact
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.