Bank Nifty - 14 June 23 - Closing Analysis & Important Levels

Hello Friends,

Let start our analysis of BN move based on pure price action and no indicators.

Since the breakdown move on 8th June, the market is within a trading range.
This trading range is getting tighter and tighter each day and therefore not tradable for option buyer's. Its a paradise for option sellers.

The only tradable set-up today was at opening when the price got rejected at levels of 44212.
After this wild move, the market was trading within a range of 90 points.

Traders will have to wait untill there is a breakout above 44200 or breakout below 43900.

Patience is the biggest virtue of a good trader.

Have a good day !!