Manickamtraders

#October17th directions and levels for Banknifty

NSE:BANKNIFTY   Nifty Bank Index
"Good morning, friends! As of October 17th, the global market sentiment is positive, as indicated by the Dow Jones. However, our market trend is in a ranging market. It may open with a gap-up, which indicates a ranging market structure. Therefore, if the market rejects the immediate resistance or if the gap-up doesn't sustain, we can expect a range market continuation. We can expect a pullback continuation only if it breaks the immediate resistance."


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