ChartMantra

BankNifty Intraday view for 07-10-2021

NSE:BANKNIFTY   Nifty Bank Index
Good evening all,

Like I mentioned in the morning, nothing has changed over the past 2 days and nor did it today. Only Option writers making merry by building a false optimism on both sides.

Tomorrow: Expiry day and the volatility will be within 38120 and 37350... For us to catch any trend, these 2 levels become very important. Especially because of a possible H&S on the dynamic support trend line.

So;
Long side view:
No clear levels up until 38100
---------------
Short side view:
No clear levels till 37350... Below that, 37150, 37000 & 36865.

*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., hit like, follow me, and do spread the word.
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.