Bank Nifty: Monday - 24/10/22

22 oct 2022

Support: 41040, 40810, 40640, 40414
Resistance: 41372, 41627

22 oct 2022

Nota

Trade setup:
1. Don’t jump into Muhurat Trading euphoria. Better to avoid index for today.
If still your finger is itching:
2. For gapup: Wait for the V shape (retesting of 41050). If sustains long with a SL of 41000, target can be 41225/41250.
3. For flat open, watch around which level (41000, 40800 or 40600) it drifted. If drifted higher side to long with a SL of just the below level. If drifted lower side, go short with a SL of the just above level.