BANKNIFTY view for 20th October, 2020

As discussed yesterday, got a clear buy trade (buying the dip) after a huge gap up which by default cleared all our preplanned levels.

A close above 24200 is a strong sign that in the coming days we will reach for really high levels (25k and above)

Now for tomorrow -

Searching for buying the dip opportunities.
24100 and 24000 will be interesting levels to watch for doing so

Intraday resistance at 24300.

Scenario's for tomorrow -

Gap Up Opening - 24300 will be a crucial level to observe.

Flat Opening - 24200-24100 can be a no trade zone

Gap Down (below 24100) - 24000 will be the level to observe.

Overall, holding a sidways to positive bias

Happy Trading!