#BANKNIFTY
Outlook for the week Nov 15 - Nov 18, 2021
Weekly: Confirmation of Bearish Engulfing as BNF started trading below 39115
Tgts for the same are: 37665 & 36383
#BANKNIFTY
Daily TF:
BNF is at support at 38350 zone & immediate resistance basis Daily TF is 39350.
Also after a6 consecutive days of red coupled with a steep 90 degree fall from Nov 9 to 11, a small bounce is expected.
#BANKNIFTY
Hourly TF:
Immediate resistance works at 38900-39k from where the fall accelerated on Nov 11, 2021 expiry
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15min TF
39500-39600 looks more of a selling zone in 15min TF for now
38000-38150 is the next support after 38350
#BANKNIFTY
Strategy: Safe players
Reaction points: 37,700 on the lower side & 40,000 on the upside if taken out
Capital: 67.5K
RoI: 1.2% for safe players
Disclaimer: Try this only if you know how to do adjustments once the level breaks
#BANKNIFTY
Strategy: Moderate Risk players
Reaction points: 37,700 on the lower side & 39600 on the upside if taken out
Capital: 72.2K
RoI: 1.8% for moderate risk players
Disclaimer: Try this only if you know how to do adjustments once the level breaks
#BANKNIFTY
Strategy: Aggressive Risk players
Reaction points: 38000 & 39,600 on the lower & upside respectively
Capital: 76.7K
RoI: 2.6% for aggressive players
Disclaimer: This is a very risky strategy, try this only if you know how to do adjustments once the level breaks
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