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BANKNIFTY: 14-MAR-2024 Levels and Trading Plan

Panjang
NSE:BANKNIFTY   Nifty Bank Index
In the scenario of a flat negative opening, BANKNIFTY is expected to find support within the 46719-46700 range. Consider a buying trade within this range with a stop loss at 46556, targeting 47206 in the foreseeable future.

Below 46550, initiate short positions with a target range of 46300 – 46286.

On the flip side, in the event of an upside gap up opening around 47200, contemplate a buying trade upon sustained trading above this level, targeting 47519 – 47614. Optimal profit-taking is advised within this range. Beyond 47700, anticipate a potential ascent towards the 48500 level in subsequent trading sessions.

Penafian

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