Bank Nifty Analysis for 25/10/2024
For tomorrow, I expect a flat to slightly gap-down opening. The critical level to watch is 51500, with the 51860-51900 zone being a no-trade area.
Key Levels:
Resistance: 51750, 51860, 52200
Support: 51500, 51300, 51150
Trading Plan:
Long Setup (flat or gap-down open):
If Bank Nifty opens flat or slightly gap-down, I’ll plan a long trade at 51500, targeting 51750 and 51860.
Breakout Long Setup:
If Bank Nifty sustains above 51900 for 5-10 minutes, I will enter a long trade targeting 52200.
Short Setup (below 51500):
If Bank Nifty sustains below 51500, I will go short, targeting 51300 and 51150.
Note: These levels are based on Bank Nifty spot.
