#October09 directions and levels for Banknifty

Oct 9, 2023

"Good morning, friends! As of October 09, global market sentiment is neutral to slightly positive, as indicated by the Dow Jones. However, our market trend remains moderately bullish. It may open with a neutral to slightly negative sentiment based on the Israel-Hamas war. Afterward, if it finds immediate support at the current level, we can expect a range-bound market and a continuation of the pullback. If it breaks this support level, then the correction is likely to continue. The same sentiment applies to the initial market express sharp pullback, but we can expect a rally continuation only if it breaks the previous day's high."

Oct 9, 2023

Note

Oct 9, 2023

Note

First of all, I'm sorry friends. Today, I don't have a clear direction because the market is showing a global bias. but This is my positional view(1hour chart)