Bank Nifty Free Tips for Tomorrow

Market will open a gap down as the mother market in form of the USA is down and is in the worst state. Today is the last expiry of the year. It was a roller coaster ride in 2022. Can safely be said that the year belonged to traders and Midcap segments. 

Investors are going into 2023 with a cautious mindset, prepared for more rate hikes, and expecting recessions around the globe.

BankNifty. Again the range is the same. Support is placed at 42400 and resistance at 42900.

Don't jump in to buy or sell at the potential gap down...wait for an hour and let the markets settle.

BankNifty Spot View For: 29/12/2022
Cmp: 42827.70
Support & Downside Range: 42695—42393--42060
Resistance & Upside Range: 43036 zone, 43275—43614.65
Short Term Trend Reversal Level: -- 43614.65
Trading View: In today's gap down trading session key level to watch is 42695 spot levels which is yesterday's low break and sustain below it for 15-30 mins we may immediate open for downside levels 42393 which day before yesterday's low, if 42695 manage to hold than 42800—42900 call and put writers will try to eat as much as premium they can ahead of weekly, monthly and yearly expiry, for the day upside 43036 spot levels acts as strong resistance.

We capture real profit in the market and that too in the shortest possible time frame and you can get benefitted with our Bank nifty free tips for tomorrow and be a part of the winning team that rocks on a daily basis.

Alternate view 42400 is an imp support and unles sthis gets breached we will be seeing Calls decaying courtesy time value as today it is not only weekly expiry but also the monthly expiry which makes trading all the more riskier today. So capture your profit in intial moments and relax for the balance of the day as you can again come tomorrow when market will be more or less stable.

Banknifty live update CMP 42980 it seems bank index doing too much complex correction and wave X still not complete and we are in middle of wave C of X which can do minimum upside 43112 to 43165 and max 43275—43600... now confirmation of wave X done once we get a daily close below today's low which is 42490 spot levels..

Gyan of the Day

Sometimes the right path is not the easiest one. ~ Pocahontas

BankNifty - Current Expiry - Critical Option Analytics Data
Strongest Support	Strengthening Support	PCR	MaxPain	Strengthening Resistance	Strongest Resistance
42500	42500	1.09695	42600	42600	43000

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