#BANKNIFTY [18/01] - Rangebound or beginning of a correction
SGX is down by 25 odd points indicating a flat to negative opening for our market. There is a fair possibility of the day being indecisive with a rangebound movement.
Support taken at 32000 should be bought for target levels seen on chart.
Weakness seen around 32250-32300 should be used to short.
All other interim levels are highlighted in the chart.
DISCLAIMER: The author is a SEBI certified Research Analyst and may or may not have a position in the scrip being analyzed. Nevertheless, all analyses are projected with a completely unbiased mind. The analyses should be used as a second opinion, at best, to one’s own analysis and/or in consultation with his/her financial advisor.
Support taken at 32000 should be bought for target levels seen on chart.
Weakness seen around 32250-32300 should be used to short.
All other interim levels are highlighted in the chart.
DISCLAIMER: The author is a SEBI certified Research Analyst and may or may not have a position in the scrip being analyzed. Nevertheless, all analyses are projected with a completely unbiased mind. The analyses should be used as a second opinion, at best, to one’s own analysis and/or in consultation with his/her financial advisor.
