Bank Nifty Important Levles -Expiry 19-01-2023

From 5th January Bank Nifty struck in a range, i.e 42,650 to 42,700 on upside is a stiff resistance for this expiry it seems & 41,750 to 41800 is the biggest support it seems. One more important observation is market is very volatile in this range.On the directional side we can go long only if it breaks 42,700, Short side we can look only after breaking 41,700. Either side break out definitely can give at least 700 to 1,000 points move in bank nifty. Within this range should play with very less quantity & for lest targets.Price exactly at Both Weekly & Daily pivot levels, let’s see where and how market moves.

Happy Trading!