Sunday, 24 October 2021

Banknifty levels for 25th oct to 29th oct

 Banknifty levels for the week of 25/10/21 to 29/10/2021

Banknifty is in a strong bull market. There is a scope of upwards movement considering the increase of Nifty from the previous high. 

The target for 25th October

Buy 40452 1st target 40502, 2nd target 40553 

sell 40401 1st target 40351, 2nd target 40301

weekly level 

Buy 40603     1st target 40704

Sell  40401    1st target  40301

Important time based on daily panchang 10:00 AM and 2:20 PM

The market might give a large one-way movement. 

My trade plan

Buy 40600CE and sell 42000 CE  if the market gives a buy signal.

In case the market gives  a sell signal, will  buy 40200 PUT and sell 39000 PE 

I will do a debit spread as I expect the market might give a big movement.

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