Bank Nifty Update for 07th October 2021

Bank Nifty Update for 07th October 2021
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Bank NIFTY Swings are very tricky to pick, The Index has given a good correction and invalidated the previous impulse.
Now the impulse that we saw in yesterday's trading session should give a correction and from there we’ll set up our trade for today.

BANKNIFTY has closed in a no trading zone in the previous trading session.
37,820 to 37,900 is resistance zone, and 37,600-37,650 will act as a support.

We may not see a breakout/breakdown of this range today as today is Expiry and there are high chances of range-bound markets, but in case Index breaks the range then we’ll trade according to the Intraday data.

Trade Accordingly!