BANK NIFTY INTRADAY TRADING SESSION (18th NOV)

Today, the Bank Nifty broke a strong support level of 42400, resulting in an impulse movement of 100-150 points, which is favorable for intraday traders. Case 1: Now the support becomes resistance, i.e., 42400. If it closes below 42400, there is a strong possibility that the market will cover the gap of 200 points.
Case 2: If the market closes above 42400, it will move in a 200-point sideways range.
Case 3: We will be bullish on the markets if the market breaks 42600.