The November expiry has more trading days and one can expect a high volatility in Nifty and bank Nifty. There could be swings on both sides.
Nifty has strong support at 10100 and positional short starts from this point. On the upper side, as long as 10250 is held, higher targets are always on card.
November month could see a maximum high of 10550/600. Lower side is possible only if Nifty goes below 10100.
Bank nifty is bullish if daily close is above 25050. It is negative if it trades below 24480 on a daily close.
November month could see a high of 25366/25975/26060. On the lower side up to 23450 is possible if 24480 if breached.
Since we saw 1000 points up move during last week, there could be a much bigger down side target November. Be prepared and catch this big move if Bank Nifty trades around 24480.
Happy Trading!!
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