Bank Nifty Tip on Weekly Expiry Day

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BankNifty Spot View For: 06/10/2022
Cmp: 39110.05
Support & Downside Range: 38950---38596
Resistance & Upside Range: 39625—39900—40150--40338

Short Term Trend Reversal Level: --
Trading View: In today's gap up key level to watch is 39625 resistance if bulls manage to cross this levels and get sustain for 30 mins to 1 hr than move gets extend towards 40150—40338 which is 61.8% to 66% retracement level of entire fall from 41840 to 37386 levels whereas of 39625 does not get break than ahead of weekly expiry we may see some profit booking dip towards 38950 minimum.

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