Bank Nifty: 26 Oct 2020

We are building value up here with up move so this is bullish overall (compared to the one we had in August last week). 

Intraday: Having slightly short bias coming into the day due to proprietary indicator. 


Yday we got rejected from the upper node of double distribution from 21 Oct which will be key reference points - 24775/24820, 24335/24380. Apparently, previous day high/low also coincides with these nodes. Will trade any rejection from these nodes towards yday’s value area 24552/24568.

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