NIFTY As Well As BANKNIFTY Views For The Month of October 2018
It closed on 11008.30. It came to an accumulation zone. If it will not break 11900 level, then major chance is there, it will go up from this level.
If it will stay above 11100 for 2 to 3 days, then within this month, it will go up-to 11600 level. ( As per Technical Analysis)
Nifty Futures closed at 11072. Like NIFTY, it came to an accumulation zone. 10900 level is strong support level for NIFTY futures. If it will trade above this level, it will reach 11600 level within this month.
It’s my opinion as per my technical analysis.
NIFTYBANK came to an accumulation zone i.e. around 25000 level. It is trading above 25000 level since 5 trading days. So, Major chance is there, it will go up from this level.
If it will go up, then within this month, it will reach 27000 level.
But if it will go below 25000, then it will go down up-to 24000 level. So, plan your trade accordingly, use proper stop loss. Understand your risk, before taking any trade.
It’s the futures contracts of NIFTYBANK. It closed on 25520, Major chance is there, within this month, it will reach around 27200 level.
NOTE*: Trade as per your risk taking capacity. Contact your financial adviser, before taking any trade.