BANK NIFTY
Important levels for 13/10/2022.
Again a close nicely just above the buyer reference has kept the index nicely poised for an interesting expiry.
If we open flat and see price finding buyer support @ 39210-39240, we can take long entries for initial targets of 9447 followed by the old seller zone of 39549-39615. Like Monday's analysis price sustaining above these can test 39745 and 39923. Any big gap opening and we will look for trades simply based upon intraday data.
On the down side with many buyer reference zones nearby and with no lucrative RR would give the selling trades a miss unless we see a major gap up/down.
Again a close nicely just above the buyer reference has kept the index nicely poised for an interesting expiry.
If we open flat and see price finding buyer support @ 39210-39240, we can take long entries for initial targets of 9447 followed by the old seller zone of 39549-39615. Like Monday's analysis price sustaining above these can test 39745 and 39923. Any big gap opening and we will look for trades simply based upon intraday data.
On the down side with many buyer reference zones nearby and with no lucrative RR would give the selling trades a miss unless we see a major gap up/down.
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