Nifty Bank IndexShort
Bank Nifty - Tuesday 23 Nov'21 - Trend & Levels
Bank Nifty Trade Plan for 23 Nov 2021 - Tuesday
As I mentioned in my yesterdays idea, Banknifty is nearing the level 36500. Next support is 36300 - 36000 We can expect some consolidation in these levels.
For tomorrow I'm expecting market to Open Flat / small gap down.. and we can expect some selling pressure and then could be Sideways / Volatile day.
If 36850 Breaks down then bank nifty will fall more tomorrow and Target is 36500 - 36300 - 36000
Indicator Description of the lines are given below in Order:
R1 - Green
Camarilla - R2 - Aqua- - Bullish Breakout
Camarilla - R1 - Aqua - Sell Zone
TC - Yellow
PP - Red / Green (Middle) Line
BC - Orange
Camarilla - S1 - Blue - Buy Zone
S1 - Red
Camarilla - R1 - Blue - Bearish Breakout
Happy Trading!!! :-)
Disclaimer : The idea is purely for Knowledge sharing purpose. Do your won analysis and consult your finance advisor before taking any trade. I'm not responsible for any of your profit / losses.
Please do like and support for more Ideas! Comment if you need any specific stock/index analysis..
As I mentioned in my yesterdays idea, Banknifty is nearing the level 36500. Next support is 36300 - 36000 We can expect some consolidation in these levels.
For tomorrow I'm expecting market to Open Flat / small gap down.. and we can expect some selling pressure and then could be Sideways / Volatile day.
If 36850 Breaks down then bank nifty will fall more tomorrow and Target is 36500 - 36300 - 36000
Indicator Description of the lines are given below in Order:
R1 - Green
Camarilla - R2 - Aqua- - Bullish Breakout
Camarilla - R1 - Aqua - Sell Zone
TC - Yellow
PP - Red / Green (Middle) Line
BC - Orange
Camarilla - S1 - Blue - Buy Zone
S1 - Red
Camarilla - R1 - Blue - Bearish Breakout
Happy Trading!!! :-)
Disclaimer : The idea is purely for Knowledge sharing purpose. Do your won analysis and consult your finance advisor before taking any trade. I'm not responsible for any of your profit / losses.
Please do like and support for more Ideas! Comment if you need any specific stock/index analysis..
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