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BANKNIFTY Trade Setup 06-Oct-2022 | BANKNIFTY Weekly Expiry Trade Plan Thursday October 6, 2022

  • Sentiment: sideways to positive.
  • Trend Continuation Condition: price stays above 38961.
  • Trade Condition: price cross above 39183.
  • Targets: 39320.29 and 39431.19.
  • Pullback Condition: price fall below 39178.
  • Pullback Target: 38961.48.
  • Sentiment Change Condition: price fall below 38961.48.
  • Sent. Change Targets: 38739.69 - 38596.90 and 38602.67.
  • Breakout Rank: 9.
  • Surprise Move: may trend in one-direction and also may pullback suddenly.
  • Previous Close: 39110.05 (1080.40)
  • Sellers Zone: 39177.50 - 39183.27
  • Resting Zone: 38887.20 - 39035.77
  • Buyers Zone: 38596.90 - 38739.69
  • Resistances: 39183.27, 39320.29, 39542.08
  • Supports: 38739.69, 38602.67, 38380.88

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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