NIFTY PREDICTION FOR TOMORROW I BANK NIFTY ANALYSIS - 12-OCT-2022

Hi Friends, 

Greetings!

Today's market opening positive in SGX Nifty ~ 20 Points and Nasdaq -~20 Points and Dow-Jones also

approx 20 Points. 

In yesterday's Session, Nifty and Bank nifty both indexes were not able to hold a positive move and reverse very quickly. 

Nifty Slipped from 17260-270 ( Resistance )  and made a low of 16950 ( Support).

in today's session this 17260 will be a big huddle for a nifty upside move, so any positive move before 17260, Make a Sell Nifty Future & options with 17300 ( Stop-loss), target will be 17000-16900-16800

Bank Nifty Slipped from 39174.95 (Resistance)  and made a low of 38622 (Support) in today's session.

these both levels will be a major and critical point in today's session,

Options Seller can make a strangle at these points for a very good return or go with a Calender spread.

if Gapup in Bank Nifty today's, Can go with Sell Bank Nifty Future with Stop loss 39300-39350,

Target 38800-38600-38500.

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Best of Luck. Regards

Yogesh