Bank Nifty Trade Plan for 21-Oct-2020

BNF trade plan for 21-Oct-2020 based on Volume Profile:

BNF is trading in a range of 24200 - 24400 for the past 1.5 days. Sustaining above 24400 will lead to 24500, 24700. On the downside, if 24200 is breached and sustained then target of 24000, 23850.

Comment:

The daily & weekly VWAP is closer to the candles and the monthly VWAP is far away from the candles so longs be cautious.

Comment:

Target of 24700 achieved on the upside :)

Trade closed: target reached:

Target reached more than expected :)

Comment:

Downside target also going to be reached. What a day!!!

Comment:

24000 is going to be a good support level for this series. One more time the upside target of 24700 is achieved. Vix is increasing everyday and we could see this kind of moves in coming days