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#NIFTYBANK Analysis for 16/01/2023

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Resistance : 42460,42716,42845,43050,43190

Support : 41730,41570,41315,41050

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No Trading Zone : 42460-41730 [Only SL hunting with huge volatility , Buy on Support & Sell on rise can work]

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Strategy : We can buy CE if it sustains above |42460| & we can buy PE if sustains below |41730| on closing basis in 15 minutes timeframe candle with later resistances & supports as targets.

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Note: This post is for educational purpose only.

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Price Action Analysis❤️

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Hope you all have enjoyed & found it helpful🙏🏻

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