Banknifty analysis for 18/01/2022

١٧ يناير ٢٠٢٢

On daily chart banknifty is range bound from 38000 to 38800.

Trade this breakout buy above 38800
Target 39200

Sell below 38000
Target 37500, 37000.

For conformation let banknifty close out of this range.

١٨ يناير ٢٠٢٢

تم فتح الصفقة

Banknifty reverse from 38855. Mentioned resistance was 38861. One up move is done now. Now we need two day closing above 38880 for further up move.

Closing below 38000 will take banknifty to 37200.