BANK NIFTY
Important levels for 17/11/2022.
We opened almost flat and stayed thereabout throughout the day, the limit buyers absorbed most of the selling and we closed inside today's VA just at tomorrow's closing price.
For tomorrow, if we open flat and move above day's high @ 42666 we can see a good rally of 200+ points, else if we see a minor gap near to the buying reference zone 42394-42461 and see buyers volume coming in we can take longs with a 50-60 point SL for targets of 42636-42666.
For shorts, it is best to avoid any pre assumptions as the buyers are still strong. Small scalps can be taken if we sustain below 42394. Safe traders can avoid shorts for tomorrow.
We opened almost flat and stayed thereabout throughout the day, the limit buyers absorbed most of the selling and we closed inside today's VA just at tomorrow's closing price.
For tomorrow, if we open flat and move above day's high @ 42666 we can see a good rally of 200+ points, else if we see a minor gap near to the buying reference zone 42394-42461 and see buyers volume coming in we can take longs with a 50-60 point SL for targets of 42636-42666.
For shorts, it is best to avoid any pre assumptions as the buyers are still strong. Small scalps can be taken if we sustain below 42394. Safe traders can avoid shorts for tomorrow.
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