BN getting ready for Big Move

Sep 28, 2021

Bank Nifty is currently stuck in no trading zone (NTZ). These areas are usually distribution or accumulation zones. whenever, it is trying to touch the upper part of NTZ then upside is expected. But, since yesterday, it is moving downside and touching lower band of the NTZ. Usually, these move means we can expect a small correction in the market. Levels for the downside are marked below in Red. Where ultimate downside is marked in Blue.

This is completely for educational purposes and should not be used for trading.

Sep 28, 2021

Note

1st Target reached. 250pts done
Next Target 37600

Sep 28, 2021

Note

2nd Target done

Oct 4, 2021

Note

Target 3rd Done and just like what we saw after target 2. It went up and then came down to target 3. Now facing resistance at target 2. Now important thing to watch is the gap created in the last 3 trading sessions due to gap-up and gap-down.