Bank Nifty - Intraday Levels for 14 Oct 2022
Banknifty levels for Tomorrow..
Global Markets are bleeding - Dow down by 2% and SGX down 1% as of now
Expectation : Big Gap down Open - then Short covering Rally
Banknifty likely to Open with Big Gap down tomorrow around 38000 near Target 1. 37940 level will act as Strong Support where it can bounce and Banknifty may close around 38700 again EOD.
Entry and Target levels are highlighted in the Chart.
For quick scalping, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Global Markets are bleeding - Dow down by 2% and SGX down 1% as of now
Expectation : Big Gap down Open - then Short covering Rally
Banknifty likely to Open with Big Gap down tomorrow around 38000 near Target 1. 37940 level will act as Strong Support where it can bounce and Banknifty may close around 38700 again EOD.
Entry and Target levels are highlighted in the Chart.
For quick scalping, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
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