SantoshIyengar

My setup for 22 Feb 2023

Panjang
NSE:BANKNIFTY   Nifty Bank Index
It will be a writers day.

A range bound market expected for 22 Feb 2023.
Depending on the breakout the Range will be chosen.

1. Market should open a gap up above 40782 and make a green candle with high of 40855.
2. A breakdown or a breakout from there will chose the range play.

Already trading in the upper half of the Orthodox channel and may not breakout on 22 Feb until some major news.
1. Putin's Address http://en.kremlin.ru/events/president/news/67828
2. BIden's Visit to Ukraine https://timesofindia.indiatimes.com/world/us/us-president-joe-biden-goes-on-high-risk-five-hour-visit-to-ukraine-as-russia-holds-fire/articleshow/98099774.cms

The above view is just my opinion do not base any trade on this basis.
I am doing it and sharing foreducational purposes only
Penafian

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