Bank Nifty 28 Dec 2023 (Monthly Expiry)

2023年12月27日

Please take note of the analysis for Bank Nifty on December 28th, 2023. The blue bold line indicates resistance, while the red bold line indicates support. The yellow dotted lines represent the targets on both sides, and the trend line(s) should also be carefully considered. It is crucial to develop a trading strategy based on this information. If there is a gap-up opening near 48500, it is advisable to wait for price action and a subsequent breakout before making any decisions. I prefer to trade after noon. Many spikes will be seen tomorrow, so it's better to avoid aggressive trades in the morning time. The first half of the day may be confusing, so it's preferable to trade in the second half. Please keep in mind that this is my personal view, and there may be a possibility of error.