Thread by @niki_poojary

#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