BANK NIFTY
Important levels for 19/09/2022.
The last hour we saw some buying volume coming in but sellers are still in firm control as of now.
For Monday's session, we shall look to short the index below 40800 for initial target of PDL @ 40570 followed by 40310 and finally the buyer reference zone of 40020-40100. SL can be of 80-100 points.
For longs, we do not see good RR and we can give it a miss unless we see a major gap down.
Will be going in with a neutral to bearish view.
The last hour we saw some buying volume coming in but sellers are still in firm control as of now.
For Monday's session, we shall look to short the index below 40800 for initial target of PDL @ 40570 followed by 40310 and finally the buyer reference zone of 40020-40100. SL can be of 80-100 points.
For longs, we do not see good RR and we can give it a miss unless we see a major gap down.
Will be going in with a neutral to bearish view.
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