Bank Nifty trade plan for 05-Oct-2020

BNF trade plan for 05-Oct-2020 using volume profile:

Upside: Crossing 22400 and sustaining above 22700 leads to upside target of 22900 and sustaining above 23000 leads all the way up to 23500. But crossing 22400 - 22700 is where resistance is going to be.

Downside: 21650 - 21400 will provide good support and crossing 21100 will lead to downside target of 20900, 20800 and all the way down to 20450

Trade closed: target reached:

As mentioned resistance was there 22400 - 22700. Even though market opened and rallied above 22700 it tried to move past 22800 which eventually failed after few attempts and broke the day low and then tried to move beyond 22500 but closed around 22450