BANK NIFTY
Important Levels for 04-10-2021.
It was the absence of big volumes that kept the index inside such a small range, coming on Monday, expect it to give moves in either direction.
If we open flat and start trading above 37400, then we can take longs with SL of 37330 for targets of 37510, 37635 and 37750.
If we open with a gap down, the first support zone will be 37180-37200 and any bounce from here can be bought for 37330 and 37400 as potential targets, SL has to be 37110.
If we continue our downward slide below 37170, then we can short for targets of 37070 and 37960.
Safe players can wait and short below 37050 with a small SL of 37110 for targets of 37960,37850,37720 and 37580.
Oi data suggests 37000 and 37500 to act as major support and resistances respectively.
It was the absence of big volumes that kept the index inside such a small range, coming on Monday, expect it to give moves in either direction.
If we open flat and start trading above 37400, then we can take longs with SL of 37330 for targets of 37510, 37635 and 37750.
If we open with a gap down, the first support zone will be 37180-37200 and any bounce from here can be bought for 37330 and 37400 as potential targets, SL has to be 37110.
If we continue our downward slide below 37170, then we can short for targets of 37070 and 37960.
Safe players can wait and short below 37050 with a small SL of 37110 for targets of 37960,37850,37720 and 37580.
Oi data suggests 37000 and 37500 to act as major support and resistances respectively.
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