Nifty bank in a new pattern formation

2023年1月13日

Niftybank was in consolidation zone from last 2 days between 42200-41850. It was the sign where major chunks of old positions were booked and from today onwards new position for next expiry are buildup and in a view of chart we could depict that a W-pattern is under formation which shows its immediate resistance near 42700(+/- 50). Usually we try to give positional outlook on BANKNIFTY to eliminate confusion in a shorter timeframe.

2023年1月16日

交易結束：目標達成

Target achieved with the good opening.