Bank Nifty - Mildly bearish - Weekly

٢٨ ديسمبر ٢٠٢٢

BANKNIFTY

Bank Nifty - Weekly trade - BEARISH View - 28th Dec EOD

BN has fallen towards the end of the day.

BN has given a RED candle in HA hourly chart.

The RSI has also gone below it's 14d average.

There is strong resistance at 43000 & the bounce back in the recent fall has happened at 41500. Hence, that might act as a support this time.

So, my bearish view with BN range of 41500 to 43000 for the 5th Jan expiry.

If BN goes above 43000 & closes above it on the hourly chart, I'll change my view to mildly bullish.

If BN goes below 41500 on hourly chart, I'll change my view to very bearish.

٩ يناير ٢٠٢٣

أغلقت الصفقة: تم الوصول للهدف

The max profit for 1 lot is 13k. We have got 11k profit now & hence closing this strategy.