BankNifty Spot View For 27/10/2022
Cmp: 41122.75
Support & Downside Range: 41000--40600
Resistance & Upside Range: 41400-- 41501--41855
Short-Term Trend Reversal Level: -- 38437
Trading View: In today's gap-up opening key level to watch is the 41400—41501 spot zone if this gets broken and sustain above it for 30mins to 1hr then we may see a move to extend towards 41855 whereas if 41400—41501 holds then we may again see range bound day between 41000—41501 today.
Cmp: 41122.75
Support & Downside Range: 41000--40600
Resistance & Upside Range: 41400-- 41501--41855
Short-Term Trend Reversal Level: -- 38437
Trading View: In today's gap-up opening key level to watch is the 41400—41501 spot zone if this gets broken and sustain above it for 30mins to 1hr then we may see a move to extend towards 41855 whereas if 41400—41501 holds then we may again see range bound day between 41000—41501 today.
One has to be careful about the weekly expiry day which is Thursday for bank nifty option as the time value is lost at a faster pace and you can not be found wanting at the requisite time as nonaction at your end can lead to the premium becoming zero. You can make use of our bank nifty option tip and be assured of profit every day.
