BANK NIFTY
Important Levels for 25-10-2021.
The last session saw 40190-40250 work as a good support area, so if we see price sustaining below 40200, we can take shorts with a SL of 40250 for targets of 40060,39970 and 39900.
On the other hand if we see price sustaining above 39500, we can add 50% positions on the long side and add rest as price crosses and sustains above 40560 for targets of 40700,40800 and 40950. SL initially has to be placed at 40420 and trailed to 40500 once more quantity is added.
Option chain indicates a positive bias.
The last session saw 40190-40250 work as a good support area, so if we see price sustaining below 40200, we can take shorts with a SL of 40250 for targets of 40060,39970 and 39900.
On the other hand if we see price sustaining above 39500, we can add 50% positions on the long side and add rest as price crosses and sustains above 40560 for targets of 40700,40800 and 40950. SL initially has to be placed at 40420 and trailed to 40500 once more quantity is added.
Option chain indicates a positive bias.
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