#Banknifty directions and levels for November 22nd.
Bank Nifty Current View:
According to the structure, if the market sustains the gap-up and has a solid breakout structure, we can expect further pullback continuation accompanied by some consolidation. On the other hand, if it breaks the MSZ level with gradual movements, it could consolidate between the previous high and the previous low.
Alternate View:
The alternate view suggests that if the market declines initially, we can expect a range-bound market between the previous low and the opening price. After that, we can follow the direction based on which level it breaks.
According to the structure, if the market sustains the gap-up and has a solid breakout structure, we can expect further pullback continuation accompanied by some consolidation. On the other hand, if it breaks the MSZ level with gradual movements, it could consolidate between the previous high and the previous low.
Alternate View:
The alternate view suggests that if the market declines initially, we can expect a range-bound market between the previous low and the opening price. After that, we can follow the direction based on which level it breaks.
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