Nifty Bank Index

BANKNIFTY view for 30th October, 2020

137
Multi Time Frame Analysis -
5 min - Clear sideways narrow zone - 24220-24020

15 min - Close at the major resistance trend line

1 hour time frame - Major Channel gave support

Now for tomorrow,
Global Cues -
Dow retesting, 26500 support zone
E100 also roaming around support. (Dow and E100 analysis done in previous posts)

Scenario's for tomorrow -
Important price action at 24100 for longs till 24350 or short till 23800
24100 can be termed as a flip level and hence we can trade for both sides depending on the price action.

Happy Trading!

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