BANK NIFTY
Important Levels for 15-11-2021.
A strong up move can be expected once we open flat and start trading above 38950. We can have targets of 39100,39200 and 39350. SL can be placed at 39870.
If we see a gap down open, we can expect to see a bounce from 38700-38750 levels but if we see a gap up, we shall wait for price action and then take positions.
Option data looks neutral unless we break 38500-39000 range. But once we stay above 39000 a massive short covering can be seen.
A strong up move can be expected once we open flat and start trading above 38950. We can have targets of 39100,39200 and 39350. SL can be placed at 39870.
If we see a gap down open, we can expect to see a bounce from 38700-38750 levels but if we see a gap up, we shall wait for price action and then take positions.
Option data looks neutral unless we break 38500-39000 range. But once we stay above 39000 a massive short covering can be seen.
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