Bank Nifty Update for 07th October 2021
Bank Nifty Update for 07th October 2021
==============================
Bank NIFTY Swings are very tricky to pick, The Index has given a good correction and invalidated the previous impulse.
Now the impulse that we saw in yesterday's trading session should give a correction and from there we’ll set up our trade for today.
BANKNIFTY has closed in a no trading zone in the previous trading session.
37,820 to 37,900 is resistance zone, and 37,600-37,650 will act as a support.
We may not see a breakout/breakdown of this range today as today is Expiry and there are high chances of range-bound markets, but in case Index breaks the range then we’ll trade according to the Intraday data.
Trade Accordingly!
==============================
Bank NIFTY Swings are very tricky to pick, The Index has given a good correction and invalidated the previous impulse.
Now the impulse that we saw in yesterday's trading session should give a correction and from there we’ll set up our trade for today.
BANKNIFTY has closed in a no trading zone in the previous trading session.
37,820 to 37,900 is resistance zone, and 37,600-37,650 will act as a support.
We may not see a breakout/breakdown of this range today as today is Expiry and there are high chances of range-bound markets, but in case Index breaks the range then we’ll trade according to the Intraday data.
Trade Accordingly!
Telegram : t.me/Codeviser
Website: codeviser.org
Follow us on Twitter: twitter.com/CodeVisers
Our Facebook Page: facebook.com/Codevisers
Youtube: youtube.com/c/CodeViser
Website: codeviser.org
Follow us on Twitter: twitter.com/CodeVisers
Our Facebook Page: facebook.com/Codevisers
Youtube: youtube.com/c/CodeViser
Telegram : t.me/Codeviser
Website: codeviser.org
Follow us on Twitter: twitter.com/CodeVisers
Our Facebook Page: facebook.com/Codevisers
Youtube: youtube.com/c/CodeViser
Website: codeviser.org
Follow us on Twitter: twitter.com/CodeVisers
Our Facebook Page: facebook.com/Codevisers
Youtube: youtube.com/c/CodeViser
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.