BANK NIFTY
Updated
Important Levels for 12-10-2021.
And Bank Nifty and Nifty mark their ATH on a single day. The first half saw Bank Nifty not willing to move up with Nifty and the second half we had the exact opposite with BN moving higher and Nifty being sluggish.
If we open flat or with a small gap up tomorrow, price sustaining above 38460 can take us again to 38560,38650 and 38750. SL will be 38350, safe traders can buy once price sustains above 38560.
If we see a massive gap down, 38175-38240 will be a good support area and we can expect a bounce from here, but if we sustain below 38175, we can see 38030-38060 and 37940 levels.
If we see a massive gap up, we need to wait for price action and then take trades accordingly.
Option data suggests more bullishness ahead.
And Bank Nifty and Nifty mark their ATH on a single day. The first half saw Bank Nifty not willing to move up with Nifty and the second half we had the exact opposite with BN moving higher and Nifty being sluggish.
If we open flat or with a small gap up tomorrow, price sustaining above 38460 can take us again to 38560,38650 and 38750. SL will be 38350, safe traders can buy once price sustains above 38560.
If we see a massive gap down, 38175-38240 will be a good support area and we can expect a bounce from here, but if we sustain below 38175, we can see 38030-38060 and 37940 levels.
If we see a massive gap up, we need to wait for price action and then take trades accordingly.
Option data suggests more bullishness ahead.
Trade closed: target reached
Morning Move: 38240-38460 (Happened fast could not trade)Afternoon Trade: 38460-38650
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