How to trade Nifty and BankNifty on Monday 23rd Jan 2023
Authored by
Invos Research
Date Released
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.
To get more on what stocks and assets fits your investing strategy join Free for market analysis tool.