Bank Nifty trade plan for 23-Oct-2020
BNF Trade plan for 23-Oct-2020 using Volume Profile:
Sustaining above 24600 leads to upside target of 24800 and sustaining above it will lead to 25000, 25200.
Resistance is ~24650 - 24800.
Support is ~24350 - 24200. Sustaining below 24350 leads to target of 24200, 24000.
CAUTION: Weekly and Daily VWAP are closer which indicates movement can happen on either side. Till the price is above Weekly VWAP its positive and once it breaks the Weekly VWAP with Volume and sustains below it can change the trend to downside.
Sustaining above 24600 leads to upside target of 24800 and sustaining above it will lead to 25000, 25200.
Resistance is ~24650 - 24800.
Support is ~24350 - 24200. Sustaining below 24350 leads to target of 24200, 24000.
CAUTION: Weekly and Daily VWAP are closer which indicates movement can happen on either side. Till the price is above Weekly VWAP its positive and once it breaks the Weekly VWAP with Volume and sustains below it can change the trend to downside.
@aravindleo_99
