BANK NIFTY

74
Important levels for 04/10/2022.
The buyers tried real hard to defend but eventually gave up, and it is still not evident that the sellers are in control. Overall a dicey close today.
For tomorrow, i will be confident to short only if any rejection is seen inside 38318-38509 (the area where maximum sellers were present). if we open flat and break today's low @ 38086, a short sell can be taken with 37956 as initial target. Subsequent targets to look is 37750 and 37600 which is the old buyer reference. SL has to be of 60-70 points and trailed.
As of now, we do not see any favorable trades but if any thing comes up intraday, will update.

Penafian

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