Bank Nifty Trade Setup for 19th October 2022
Bank Nifty is looking bullish in the short term with potential to move higher if the 40500 level is broken
Outlook
- Charts : Bullish
- OI Data : Bullish - 40500 is a strong area of resistance
- FII Activity : Super Bullish
Verdict :- Bullish outlook, expect an up move at the opening and if the price is able to sustain above 40500 then we may see 41000 as well. SGX Nifty indicates a flat opening despite the global markets being strongly in green. We may see a larger movement in our index then SGX after opening.
Outlook
- Charts : Bullish
- OI Data : Bullish - 40500 is a strong area of resistance
- FII Activity : Super Bullish
Verdict :- Bullish outlook, expect an up move at the opening and if the price is able to sustain above 40500 then we may see 41000 as well. SGX Nifty indicates a flat opening despite the global markets being strongly in green. We may see a larger movement in our index then SGX after opening.
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.