#october5 direction and levels for Banknifty

Oct 5, 2023

"Good morning, friends! As of October 05, the global market sentiment is neutral to slightly positive, as indicated by the Dow Jones. However, our market trend remains bearish. It may open with a neutral to slightly positive sentiment. Afterward, if it breaks the Fib level of 38%, we can expect a pullback continuation. On the other hand, if the gap-up doesn't sustain or if it opens with a gap-down, then we can anticipate a range-bound market to correction."