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.

Niftybank intraday trading 13-10-2021

 Niftybank 15 minute a candle:

1. Nifty bank will again be bullish when crosses 38600 as 38500 is a break-out level. Now, we can see the levels of 40000 in coming week.

2. Nifty bank will be mild bearish below 38375 as there are many candles supporting the level, therefore, it can be seen as bounce-back level for fast upward movement. Look for the bullish candle or price action at this level for bounce-back.

3. Nifty bank will be bearish below 38150 level, which can lead till 37700 level, then 37350 or 37000, which I do not expect, at least for today.

4. There will be no trading zone between 38375 and 38150, you can be trapped in the volatile movement. So, avoid trading in this zone or gap-down at the mentioned levels.