BANK NIFTY
Important Levels for 22-10-2021.
What a move we just saw, close to 800 points up move in last 90 mins. But the point to consider in today's breakout as compared to the one we saw last expiry is lack of big volumes today. Also HDFC did not contribute much today.
The nearest support zone is 40190-40240 followed by 39960-40060 levels. Any +ve price action here can be a good region to enter with SL of 60 points for targets of 40190,40300 and 40500. Preferably buy the dips tomorrow.
Will not look to short tomorrow and most likely trade with very less position size even while taking longs.
What a move we just saw, close to 800 points up move in last 90 mins. But the point to consider in today's breakout as compared to the one we saw last expiry is lack of big volumes today. Also HDFC did not contribute much today.
The nearest support zone is 40190-40240 followed by 39960-40060 levels. Any +ve price action here can be a good region to enter with SL of 60 points for targets of 40190,40300 and 40500. Preferably buy the dips tomorrow.
Will not look to short tomorrow and most likely trade with very less position size even while taking longs.
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