Nifty Bank Index
Updated

BANK NIFTY ANALYSIS FOR 14/07/2023

2 767
BUY ABOVE - 44720
SL - 44600
TARGETS - 44850,44940,45100

SELL BELOW - 44600
SL - 44720
TARGETS - 44500,44260,44100

Still I'm Suffering with some Health Issues guys... I'm not well 💉🩸

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I'm not well guys 🫀💉🩸So I'm not sure about Updating the market moment in the live market.... If possible I'll update at that time

If you like my levels then keep this levels into your Charts & Follow the levels Strictly

HAPPY TRADING GUYS
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BANKNIFTY - In BANKNIFTY also 0.618 level is a very important resistance. if BANKNIFTY opens gap up and makes an upside of consolidates near the 0.5% and 0.618 levels the gives a breakout BANKNIFTY can move towards the upside after trapping put option buyers. but if BANKNIFTY opens gap up and makes an upside move that time sellers at the swing resistance will exit from the trade so BANKNIFTY faces resistance at 0.618 levels and reverses from the resistance we can expect a downside move till the accumulation zone. in case BANKNIFTY opens flat or slight gap up and moves towards the downside many retail traders will take Put options but at this accumulation zone buyers are sitting so after trapping the retail trades BANKNIFTY can move towards the upside that time we can plan for a Call option trade.
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even if BANKNIFTY breakdown the accumulation zone if you see 44500 is acting as support from this level at least BANKNIFTY will give a retracement before continuing the downside move so need to be very careful if the market comes down near the accumulation zone.
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Guys Watch this trend line
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Trade active
Buy side trade activated with small target
target is Trend line only watch that trend line guys
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Trade closed: stop reached
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