BankNifty & Nifty Trading Levels - 22/02/2023

As Updated Yesterday trading levels ,If Banknifty Made low of 40508 ( 1st target Achieved ) and Nifty made low of 17800 ( 1st target Achieved ).

NIFTY :-

• Another Day bearish Candle formed on the Daily Charts.

• Lower lows were Formed on 15 Min Charts. 17800 – 17920 are Crucial levels and Either side Breakout/breakdown can see good rally.

• 100 DEMA Crossed below 200 DEMA . If it Breaksdown 17800 Levels , then Downside Move till 17755 , 17710 can be seen.

• If it Breaksout 17920 , then upside Move till 17952 , 18000 can be seen.

• Maximum Put Additions seen at 17750 , 17800 Levels and Maximum Call Additions seen at 17900, 17950. 71 Lakhs Open Interest at 17800 Put Side and 102 Lakhs Contract at 17900 Call side and 140 Lakh Contracts at 18000 call Side.

BANKNIFTY :-

• Doji Candle formed on the Daily Charts.

• Banknifty Closed Almost to yesterday Closing.

• 40500 – 40900 are crucial Zones . If it breakdown 40500 then fall till 40315 , 40100 can be seen and If it breaksout 40900 then Upside Move till 40952 , 41100 , 41250 can be seen.