As discussed before open Bank Nifty exhibited trend day breaking 22423 and hit a high of 23904. Posting Monday outlook after a long time as lot of members from trading view community requested for the same.
Decision range
23518-23744
Resistance for the day
24126
Support for the day
23354
Expectations
Violent day with big swings
Note on oncoming correction in global markets
As we approach mid October , global markets are set to make a year high and will be good time to trade volatility . Traders will see unprecedented rise in VIX which will lead to making and breaking of fortunes in coming weeks. My followers are all set to chart this volatility , hope everyone is able to do so
Author can be contacted for monthly projections of Nifty and Bank Nifty for rest of 2020 and beyond
Decision range
23518-23744
Resistance for the day
24126
Support for the day
23354
Expectations
Violent day with big swings
Note on oncoming correction in global markets
As we approach mid October , global markets are set to make a year high and will be good time to trade volatility . Traders will see unprecedented rise in VIX which will lead to making and breaking of fortunes in coming weeks. My followers are all set to chart this volatility , hope everyone is able to do so
Author can be contacted for monthly projections of Nifty and Bank Nifty for rest of 2020 and beyond