BANK NIFTY
Important Levels for 19/10/2022.
We opened with a big gap and basically traded within a small range throughout the day. We closed inside the VA, and currently we are inside an NO TRADING ZONE.
The low of today @ 40213 will be important for tomorrow's context. If we see a flat open and price breaks 40213, we can take short positions with SL around 40280 for initial target of 40040 followed by targets at the buyer reference at 39932-39960.
We will be taking longs at the buyer reference area of 40210-40280 levels, if we see buying volumes. The targets to look will be the seller reference area at 40456-40494. Once we break out of these levels we can see 40735 levels also.
Because of overnight gaps intraday trades are being killed, this is the time to be patient and not take unnecessary positions.
We opened with a big gap and basically traded within a small range throughout the day. We closed inside the VA, and currently we are inside an NO TRADING ZONE.
The low of today @ 40213 will be important for tomorrow's context. If we see a flat open and price breaks 40213, we can take short positions with SL around 40280 for initial target of 40040 followed by targets at the buyer reference at 39932-39960.
We will be taking longs at the buyer reference area of 40210-40280 levels, if we see buying volumes. The targets to look will be the seller reference area at 40456-40494. Once we break out of these levels we can see 40735 levels also.
Because of overnight gaps intraday trades are being killed, this is the time to be patient and not take unnecessary positions.
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