**Disclaimer**
The information provided in this chart analysis is for educational and informational purposes only.
Trading and investing in financial markets involves risk, and past performance is not necessarily indicative of future results.
Readers are advised to conduct their own research, consider their risk tolerance, financial situation, and consult with a qualified financial advisor before making any investment decisions. The publisher does not guarantee the accuracy, completeness, or reliability of the information provided herein, and shall not be held liable for any losses, damages, or consequences arising from the use of this analysis.
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BANK NIFTY is consolidating between 46500 and 47300 for 4 days now. Trend continuation after a big move looks imminent. Option buying should be avoided if trading between this range. However, reversals can be utilised on higher and lower levels. Option writers can utilise this range for next week. Breakout of this range can give the following positional targets:
47476, 48065, 48832 on the upside
46336, 45735, 45257 on the downside
Remember to book your targets or trail your stop losses in case of reversals.
The information provided in this chart analysis is for educational and informational purposes only.
Trading and investing in financial markets involves risk, and past performance is not necessarily indicative of future results.
Readers are advised to conduct their own research, consider their risk tolerance, financial situation, and consult with a qualified financial advisor before making any investment decisions. The publisher does not guarantee the accuracy, completeness, or reliability of the information provided herein, and shall not be held liable for any losses, damages, or consequences arising from the use of this analysis.
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BANK NIFTY is consolidating between 46500 and 47300 for 4 days now. Trend continuation after a big move looks imminent. Option buying should be avoided if trading between this range. However, reversals can be utilised on higher and lower levels. Option writers can utilise this range for next week. Breakout of this range can give the following positional targets:
47476, 48065, 48832 on the upside
46336, 45735, 45257 on the downside
Remember to book your targets or trail your stop losses in case of reversals.