Niftybank intraday trading levels 29-10-21

Nifty bank 1 hour a candle:

1. Nifty bank will be bullish above 41350; Oh! yes very far, because of the 1500+ points fall in Nifty bank from the day's high to low.

2. Nifty bank will be bearish below 39350; be cautious because Nifty bank is at "Support Zone 1"; it can bounce back as global market are positive.

3. Avoid trading in "No trading Zone"; also known as STOP-LOSS hunting zone for STOP-LOSS hunters. Better to avoid trading for Friday i.e. 29-10-2021.

4. Nifty bank may bounce back sharply from "Strong Support Zone 1" or "Strong Support Zone 2"; use "Buy on dips" strategy with small quantity.

Nifty bank intraday trade 11-10-21

 Nifty bank 15 minute a candle:

1. Nifty bank will be bullish above 38100 by breaking with big volumes because Nifty bank is retraced many time from this level.

2. If Nifty bank opens flat and moves up wards crossing the level of 37850, then you can go for CE with little quantity for little profit.

3. Nifty bank will be bearish below 37650, but it seems a big support. If it breaks downside then we can see selling pressure till 37300 levels.