Thursday, 28 October 2021

Banknifty trading plan for 28-10-202

 Astroview of  Banknifty for 28-10-2010

Banknifty might fall post 9:30 AM and there might be some recovery in the second half. Today will be overall bearish. I will avoid trading from 11:20 AM to 12:20 PM 

Technical analysis of BNF

Banknifty closed near Gann support 40800. If BNF breaks 40807. The next important Gann support level is at 40400 which is also close to the  AVWAP line 

Banknifty tradingview chart 2810

Banknifty entered in a bearish trend as par multi time frame CCI indicator. 41200 to 41300 will act as resistance for BNF.

PCR is below 1

Banknifty expiry range 40800 to 40900

Banknifty is bullish in the hourly time frame. I will look for buying opportunities near 40856 which is also a daily pivot.

This is my personal analysis and not a recommendation for sale.

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