Niftybank intraday trading levels 01-11-21

Nifty bank 15 minute a candle:

1. If Nifty bank moves above 39250, then it will be bullish wait for the confirmation with a 15 minute green candle to close above 39250 otherwise this level will act as resistance because market makes a bearish structure.

2. If Nifty bank moves below 38800, then it will be bearish with 15 minute red candle close below this level. You have to trade cautiously because from the level of 38500, it has bounced-back recently.

3. Follow the Blue and Red thin trend lines for the risky traders to enter the trade early.