BANK NIFTY
Important levels for 25/11/2022.
We witnessed a range break out in the index but majority of the move came in the last hour only. Also today it was another low volume day.
For tomorrow, if we open flat and move above today's high @ 43163, we can take longs and keep a SL of 50-60 points and look for targets of 43506. All we need to do will be trail the SL.
For shorts i am not seeing any nice setup. So will most likely give it a miss.
In case we come down 43025-43047 (in futures) will act as support and we can go long from here also.
We witnessed a range break out in the index but majority of the move came in the last hour only. Also today it was another low volume day.
For tomorrow, if we open flat and move above today's high @ 43163, we can take longs and keep a SL of 50-60 points and look for targets of 43506. All we need to do will be trail the SL.
For shorts i am not seeing any nice setup. So will most likely give it a miss.
In case we come down 43025-43047 (in futures) will act as support and we can go long from here also.
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