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BANKNIFTY Trade Setup for October Month 2022 (01-Oct-2022 to 31-Oct-2022) | BANKNifty Prediction for October 2022

  • Sentiment: mild bearish reversal.
  • Trend Change Confirmation: price stays below 39286.
  • Trade Condition: price fall below 37386.
  • Targets: 36533.70 and 35683.03.
  • Pullback Condition: price rise above 37585.
  • Pullback Target: 39286.15.
  • Trend Change Failure Condition: price rise above 39286.
  • Failure Targets: 40987.50 - 41840.15 and 42038.60 - 42889.27.
  • Sideways Rank: 2.
  • Previous Close: 38631.95 (-904.80)
  • Sellers Zone: 40987.50 - 41840.15
  • Resting Zone: 38959.05 - 39613.25
  • Buyers Zone: 37386.35 - 37584.80
  • Resistances: 40987.50, 42038.60, 43739.95
  • Supports: 37584.80, 36533.70, 34832.35


Disclaimer: These are only suggestive technical rules that have been found to work well over time in the market. These are not any trading or investing recommendations. We suggest you to take advice from certified experts for trading and investing. Neither PickMyStox nor any of its associates are responsible for any trading or investing loss.

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