BankNifty 4th November Muhurat TradingBeware, market timings tomorrow - 6:15 p.m - 7:15 p.m
BankNifty opened Gap up today and consolidated then it broke the triangle pattern that we uploaded and gave a big downside move.
We took trade on retest of the triangle and captured the 500 points move and made a good profit in PE side.
Then we also took CE as we hoped for a short recovery an made a profit in that too
Levels for 4th november Muhurat Trading :
Buy above : 39600
Sell Below : 39320
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Bankniftytomorrow
Bank Nifty Update for 08th October 2021 Bank NIFTY is at indecision point and has formed a range 400-point range which can also be considered as a no trading zone.
We may not see a breakout/breakdown of this range today and see a range bound market today but if the range is broken consider buying above 38,000 and for selling consider 36,000 as a key level.
In case Index breaks the range then we’ll trade accordingly on the Intraday data.
Trade Accordingly!
Trade setup
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Key support is: 37,600
Key Resistance is: 38,000