**BankNifty Trading Strategies for December 14, 2023**
**1. Opening Above 47130:** - *Buy:* Initiate a buy position if BankNifty opens above 47130. - *Stop Loss (SL):* Set a stop loss at 47046-47030. - *Target:* Aim for levels between 47380-47330.
**2. Gap Up Opening Near 47300:** - *Buy:* Consider buying if the market sustains above 47440. - *SL:* Set a stop loss at 47270. - *Targets:* Look for levels around 47673-47800. - *Sell:* If prices slip below 47380, consider a short position. - *SL:* Place a stop loss at 47437. - *Targets:* Aim for levels of 47100-47050.
**3. Negative Opening Below 46900:** - *No Trade:* Avoid trading until prices sustain below 46900. - *Short Entry:* If BankNifty trades below 46900, consider a short entry. - *SL:* Set a stop loss at 46950. - *Targets:* Look for levels around 46750-46737.
**4. Buying Opportunity on Downside:** - *Buy Zone:* Around 46737 presents an excellent buying opportunity. - *Target:* Aim for levels of 47000-47200. - *SL:* Set a stop loss at 46680.
*Note: These strategies are based on the assumption of a retracement move and may vary based on market conditions. Always use proper risk management and stay updated on real-time market movements.*
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