Market to open gap up and RBI policy and Fed rate hike will be the watched factor.
BankNifty Spot View For: 31/10/2022
Cmp: 40990.85
Support & Downside Range: 40839-- 40600
Resistance & Upside Range: 41512—41530 zone –41855
Short Term Trend Reversal Level: -- 41000
Trading View: Intraday trading bias remains sideways till bank index trading below 41512—41530 spot zone and we may see range bound move between small range 40839—41530 and bigger range 40600—41530 spot levels, whereas fresh breakout on bank index comes once we break and sustain above 41530 spot levels and in such case move get extend intraday towards 41855 spot levels.
Cmp: 40990.85
Support & Downside Range: 40839-- 40600
Resistance & Upside Range: 41512—41530 zone –41855
Short Term Trend Reversal Level: -- 41000
Trading View: Intraday trading bias remains sideways till bank index trading below 41512—41530 spot zone and we may see range bound move between small range 40839—41530 and bigger range 40600—41530 spot levels, whereas fresh breakout on bank index comes once we break and sustain above 41530 spot levels and in such case move get extend intraday towards 41855 spot levels.
Check our Bank Nifty Tip for Monday here.
