Bank Nifty trade plan for 15-Oct-2020

BNF trade plan for 15-Oct-2020 using volume profile:

Upside: Sustaining above 23700 will lead to upside target of 23900 and 24000. But resistance will be in 23800-23900.

Downside: Sustaining below 23700 leads to target of 23550, 23300 and 23000. 23500 - 23400 will provide good support.

For entering trade, if the uptrend continues, need to wait for the retest of the VWAP and take position.

Trade active:

15-Oct-2020: 11:29:
Facing stiff resistance ~24000 - 23950.

Trade active:

Upside target achieved. Now in support zone. breaking below will move as mentioned

Trade closed: target reached:

Downside target almost reached :)