#NIFTYBANK : Intraday Setup for tomorrow
(23 Jan 2023):
šŸ’  The index had been trading in a Bullish channel on 15 min TF since 18 January.
šŸ’  Currently banknifty is trading at the bottom of the bullish channel.
šŸ’  42700 is a major breakout level for possible uptrend.
šŸ’  World markets were mostly green on Friday closing.
šŸ’  If the index breaks out and sustains above 42600 then upside move is possible till 42700-43000.
šŸ’  If the index breaks down and sustains below 42450 then downside move is possible till 42250-41900.
šŸ’  Always trade with strict SL.
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