🏦 Bank Nifty Prediction for This Week (18-22 Dec.,) For Options

Bank Nifty Spot Weekly Outlook - Navigate the Markets with Precision
📊Bank Nifty Spot Chart Levels for 18-22 Dec., 2023
📈 Weekly Range: 1333.05 Points

📉 Sell Setup:

⬇ Sell at 47396.13
🎯 Target 1: 47319.73
🎯 Target 2: 46810.5
🔄 Seller SL: 47740.72

📈 Buy Setup:
⬆ Buy Above 47710.72
🔄 Add one lot at 47553.43,
🎯 Target 1: 48967.37
🎯 Target 2: 49476.6
🔄Buyer SL: 47366.13


📊 Trade Analysis:

Sell Setup:
Initiate a sell position at 47396.13 with the first target at 47319.73 and the second target at 46810.5. Implement a seller's stop-loss at 47740.72 to manage risk.

Buy Setup:
Consider entering a buy position at 47710.72 with the initial targets set at 48967.37 and 49476.6. In case of a retracement, add one lot at 47553.43, with a buyer's stop-loss at 47366.13.

💹 Weekly Range: The projected weekly range is substantial at 1333.05 points, providing traders with potential opportunities for profit.

🏦 Disclaimer:
This analysis is based on technical indicators and historical price movements. Market conditions can change rapidly, and past performance is not indicative of future results. The levels and targets provided are subject to market dynamics, and it's essential to employ sound risk management strategies. Traders are responsible for their own decisions, and this analysis should not be considered as financial advice.

💹 Trade prudently and stay informed!