Banknifty Future Intraday analysis
The important Gann/Astro date for the upcoming week is January 18. It would be wise to observe this favourable trend.
Today's Bank Nifty index may open flat positive around 42530 and attempt to consolidate in that area in order to rise toward 42800. Watch for a Breakout pattern to form if Bank Nifty maintains its position above 42400; it may then continue upward into 42530 and then 42670. However, if Bank Nifty is unable to maintain its position above 42300, it may fall as low as 42210. Therefore, watch for the correct technical pattern to enter.
BNF sell below 42460 (VALID FOR FIRST 1 HOUR)
Tgt 42410, 42380
Today's Bank Nifty index may open flat positive around 42530 and attempt to consolidate in that area in order to rise toward 42800. Watch for a Breakout pattern to form if Bank Nifty maintains its position above 42400; it may then continue upward into 42530 and then 42670. However, if Bank Nifty is unable to maintain its position above 42300, it may fall as low as 42210. Therefore, watch for the correct technical pattern to enter.
BNF sell below 42460 (VALID FOR FIRST 1 HOUR)
Tgt 42410, 42380
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