bank nifty setup for 18/1/23
Bank nifty has retsetd the support zone thrice and has bounced back but is at minor resistance at close of day.
a gap-up opening above 42350 with proper retest can be a scenerio for CE with target 42446/42650 with a small SL of 20-25 points, which is giving a very good R/r.
In case of flat and gapdown opening 42300 could act as a resistance and in both cases only PE will be looked into with proper retesting of levels. target could be upto 42150/42021/41911
a gap-up opening above 42350 with proper retest can be a scenerio for CE with target 42446/42650 with a small SL of 20-25 points, which is giving a very good R/r.
In case of flat and gapdown opening 42300 could act as a resistance and in both cases only PE will be looked into with proper retesting of levels. target could be upto 42150/42021/41911
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