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