Bank Nifty 15 min timeframe analysis for intraday

Oct 31, 2022

Bank Nifty 15 min timeframe analysis for intraday

• Bank Nifty consolidated today near closing zone of 41100-300
  
• Consolidation before breakout with LH-LH structure is good sign for clear BO.
  
• Tomorrow if market open in between 41200- 41320 (and consolidated ) and give breakout then we can see good up momentum as HDFC bank already given good breakout today and Nifty also given clear breakout with good volume.
  
• If market open with huge gap up gap down, wait and watch till price action structure.