How to trade Nifty and BankNifty on Monday 23rd Jan 2023


Posted by: Invos Research
Published on: January 23, 2023
How to trade Nifty and BankNifty on Monday 23rd Jan 2023

The market could see a breakout after 3-days of intraday consolidation within a range. The trade setup for monday is Bullish for NIFTY and NIFTYBANK once the defendent level of 42700 breaks in BANK NIFTY and 18150 for NIFTY respectively. 

The markets might consolidate in the second half post a positive gap-up and then stay stable for a while uptill next move. Traders should build a bullish strategy and keep hedged for any unexpected move on the downside. 

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