BANK NIFTY
Important levels for 04/10/2022.
The buyers tried real hard to defend but eventually gave up, and it is still not evident that the sellers are in control. Overall a dicey close today.
For tomorrow, i will be confident to short only if any rejection is seen inside 38318-38509 (the area where maximum sellers were present). if we open flat and break today's low @ 38086, a short sell can be taken with 37956 as initial target. Subsequent targets to look is 37750 and 37600 which is the old buyer reference. SL has to be of 60-70 points and trailed.
As of now, we do not see any favorable trades but if any thing comes up intraday, will update.
The buyers tried real hard to defend but eventually gave up, and it is still not evident that the sellers are in control. Overall a dicey close today.
For tomorrow, i will be confident to short only if any rejection is seen inside 38318-38509 (the area where maximum sellers were present). if we open flat and break today's low @ 38086, a short sell can be taken with 37956 as initial target. Subsequent targets to look is 37750 and 37600 which is the old buyer reference. SL has to be of 60-70 points and trailed.
As of now, we do not see any favorable trades but if any thing comes up intraday, will update.
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