Nifty Bank IndexUpdated Banknifty expiry setup for 20/01/2022
Banknifty managed to closed above 38000. we have seen some profit book in last 2 trading sessions.
Despite HDFC bank good nods banknifty didn't fly higher.
We can expect a sharp up move above 38550.
Trading setup for expiry
BUy banknifty avoe 38230
Target 38350, 38470
Breaking above 38500 target will e 38880.
On the flip side 38000 will act as support for expiry
Breaking below 37950 will trigger intraday selling pressure and that will take banknifty up to 37550.
Despite HDFC bank good nods banknifty didn't fly higher.
We can expect a sharp up move above 38550.
Trading setup for expiry
BUy banknifty avoe 38230
Target 38350, 38470
Breaking above 38500 target will e 38880.
On the flip side 38000 will act as support for expiry
Breaking below 37950 will trigger intraday selling pressure and that will take banknifty up to 37550.
Trade closed: target reached
Banknifty selling setup target reached.My target was 37550
Banknifty made low of 37590.
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