#NIFTY #BANKNIFTY- The calm after the storm-16OCT
16-Oct:
#NIFTY massive range expansion over last two days, so probability of in range play is higher.
Key areas for an immediate point are 11710-750F areas.
1. Hold into that zone will look to test above till 11820F
2. Failure to hold that zone will look to test 11585F on the downside.
#BANKNIFTY
Key areas are 23280-350F as an immediate reference:
1. Hold above that range look to test 23520F areas. above that till 23700F areas.
2. Hold below that look to test back yesterday lows and lower.
#NIFTY massive range expansion over last two days, so probability of in range play is higher.
Key areas for an immediate point are 11710-750F areas.
1. Hold into that zone will look to test above till 11820F
2. Failure to hold that zone will look to test 11585F on the downside.
#BANKNIFTY
Key areas are 23280-350F as an immediate reference:
1. Hold above that range look to test 23520F areas. above that till 23700F areas.
2. Hold below that look to test back yesterday lows and lower.