BANK NIFTY
Important Levels for 21/10/2021.
What we saw today has made one thing clear that the buyers are still in control as we witnessed the sellers being absorbed in the old buyer reference area 39932-39960.
If we see a flat opening tomorrow, any small dips till 40122-40180 can be bought with SL placed at 40075 for initial targets of the seller reference from yesterday 41381-41441 followed by PDH at 40600-40667.
Shorts can be taken if we see a big gap at the open or if we see prices below today's low @ 39800. Safe traders can avoid shorts for tomorrow.
What we saw today has made one thing clear that the buyers are still in control as we witnessed the sellers being absorbed in the old buyer reference area 39932-39960.
If we see a flat opening tomorrow, any small dips till 40122-40180 can be bought with SL placed at 40075 for initial targets of the seller reference from yesterday 41381-41441 followed by PDH at 40600-40667.
Shorts can be taken if we see a big gap at the open or if we see prices below today's low @ 39800. Safe traders can avoid shorts for tomorrow.
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