Nifty Bank Index

Banknifty trades and targets - 13/10/23

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Hello Everyone. Trades and targets are provided below. Banknifty is in range bound and it's not giving a clear indication of which side it wants to go. Do wait for the zones marked to break to take any trades. It looks like a gap down opening tomorrow so look for nearest support where the market is opening and look for reversal trade from this point. Wait for the support to break with a 15-minute candle before going for PE trades. In a gap down or gap up opening market will try to fill the gap first and then move in the direction it wants to.

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