BANKNIFTY 30.10.2020 INTRADAY SETUP
Updated
Market Looking Flat Open
After Distribution Zone break can see 150+ Point rally
Either Support Side or Resistance side.
Support 1 - 23750
Support 2 - 23530
Support 3 - 23160
Distribution Zone - 23980-23185
Resistance Zone - 24430
Resistance Zone - 24780
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Above Level given as per *Trendline Support & resistance, Price action Base & Chart Pattern*
After Distribution Zone break can see 150+ Point rally
Either Support Side or Resistance side.
Support 1 - 23750
Support 2 - 23530
Support 3 - 23160
Distribution Zone - 23980-23185
Resistance Zone - 24430
Resistance Zone - 24780
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Above Level given as per *Trendline Support & resistance, Price action Base & Chart Pattern*
Trade closed: target reached
REVIEW of pre analysis market (Date : 30.10.2020)As per Distribution Zone mark - First 1Hrs Market near same price and hold for decide where to go
After 10.30am, Market decided for Bearish View and he went from 24185 to 23750 (400+ Point Sharp Rally),
then Market Hold near Support 1 Level, then again touch & close near Distribution Zone
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