Bank Nifty: 30 Oct 2020

 No overnight positions and expectation is a gap up opening which i’ll play initially with a short bias.

Being a tight range day, pdl/pdh are key. If we gap up and show weakness, 24175 is the level to short for target 23850. Else, if we gain strength from opening, 24800 will be the first target which, if crossed, can push the mkt above 25000 rather quickly. The region between 23850 and 24800 is well balanced - any move out of this band will have good velocity. 

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