BANK NIFTY
Important levels for 13/09/2022.
After the initial movement for first half hour the range was less than 150 points. The sellers were strong but not strong enough to break the VA and buyers not strong enough to break PDH.
For tomorrow. longs can be taken only when we break 40770 for targets of 40935 followed by the old seller reference of 41150-41400.
On the downside, once we sustain below 40610, we can short the index with SL of 40680 and target 40470 as the initial target followed by 40370 and finally the buyer reference of 40278-40308.
In case of gaps, we shall wait before we take any kind of positions.
I personally have a neutral to negative bias.
After the initial movement for first half hour the range was less than 150 points. The sellers were strong but not strong enough to break the VA and buyers not strong enough to break PDH.
For tomorrow. longs can be taken only when we break 40770 for targets of 40935 followed by the old seller reference of 41150-41400.
On the downside, once we sustain below 40610, we can short the index with SL of 40680 and target 40470 as the initial target followed by 40370 and finally the buyer reference of 40278-40308.
In case of gaps, we shall wait before we take any kind of positions.
I personally have a neutral to negative bias.
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