Bank Nifty - Intraday Levels for 31 Oct 2022

Banknifty Intraday levels for Monday..

Expectation : Gap Up Open around 41300 - Any breakout above 41535 Strong Up move is expected. Until it will trade in range between 41000 - 41300 level

If 41535 is taken out next resistance is 41800.

Support and Resistance Zones - When price breaks the zone, Support zone will become Resistance and Resistance zone will become Support.

For quick scalping, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.

Refer the chart for detailed Intraday Support and Resistance levels.

Happy Trading!!