Mohit Jhanji Trading in Stock Market Since 2006. Iam working as a Technical Analyst in Wealth Creator. Wealthcreator.co is a research firm. We have Been Serving The Traders Of Indian Stock Market, Commodity Market From Past Seven Years With Tailored Products To Meet The Needs Of The Individual Retail Trader, Brokers,Corporate & High Net Worth Individuals & NRI’s.

Bank Nifty Futures October Expiry Overview

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Banknifty

 

Bank nifty Future Hurdle 16700 / Major Supports 16300

After breakout from horizontal trading range in bank index the bank nifty futures made its life time high’s in past week. The high made on future is 16632 and the weekly close was at 16483+. Now going forward for monday trading session the Hurdle for banknifty is at 16700 fresh buying will happen once this level sustains and since there is no resistance left for market its all a bulls play the trend will continue.

However on downside below 16470 market will correct for 16400-16300 below which only bear’s will start entry for 16150-16000

Trading Stratgey : Be short below 16470 with stops 16650 tgt 16300-16250 take small risk around 16250 and below, take calls with stops of 16150 for upside targets new high.

Mohit Jhanji Trading in Stock Market Since 2006. Iam working as a Technical Analyst in Wealth Creator. Wealthcreator.co is a research firm. We have Been Serving The Traders Of Indian Stock Market, Commodity Market From Past Seven Years With Tailored Products To Meet The Needs Of The Individual Retail Trader, Brokers,Corporate & High Net Worth Individuals & NRI’s.

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3 Replies to “Bank Nifty Futures October Expiry Overview”

  1. Dear Rajendaran Sir,

    can u plz tell me how to enable amibroker in my android phone so that i can watch it through mobile without open my pc.

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