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BANKNIFTY Trade Setup 03-Oct-2022 to 07-Oct-2022 | BANKNIFTY Prediction for 1st Week of October 2022

  • Sentiment: mild bullish reversal.
  • Trend Change Confirmation: price stays above 38416.
  • Trade Condition: price cross above 39229.
  • Targets: 39554.90 and 39906.93.
  • Pullback Condition: price fall below 39120.
  • Pullback Target: 38415.90.
  • Trend Change Failure Condition: price fall below 38416.
  • Failure Targets: 37711.85 - 37386.35 and 37276.90 - 36924.87.
  • Breakout Rank: 8.
  • Surprise Move: may trend in one-direction and also may pullback suddenly.
  • Previous Close: 38631.95 (-914.30)
  • Sellers Zone: 39119.95 - 39229.40
  • Resting Zone: 38307.88 - 38523.93
  • Buyers Zone: 37386.35 - 37711.85
  • Resistances: 39119.95, 39554.90, 40258.95
  • Supports: 37711.85, 37276.90, 36572.85

 

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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