Bank Nifty Update for 08th October 2021

Bank NIFTY is at indecision point and has formed a range 400-point range which can also be considered as a no trading zone.

We may not see a breakout/breakdown of this range today and see a range bound market today but if the range is broken consider buying above 38,000 and for selling consider 36,000 as a key level.

In case Index breaks the range then we’ll trade accordingly on the Intraday data.

Trade Accordingly!
Trade setup
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Key support is: 37,600
Key Resistance is: 38,000