Bank Nifty Intraday Trade Setup for 01st November

1 Kas 2021

Good Morning Everyone

Bank Nifty is more tricky than the nifty 50 Index and gives wild swings in the Intraday. We have seen a double bottom pattern in the Friday trading session in the 15-minute time frame, a trend reversal pattern. It would be best if you also remembered the hourly trend. The best strategy is selling from the rise.

Key Resistance is 39,800 to 40,000
Intraday Resistance is 39,300 ( Build long on the breakout)
Intraday Support is 38,790 ( Build short Position on the breakdown)
Key support is: 38,400

1 Kas 2021

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