Bank Nifty: 03 Nov 2020

 Initial long bias into the day (through prop indicator)


Mkt got above the crucial 24800 and turned bullish for a swing trade. Based on previous stats, mkt will consolidate and build more value around today’s value area. So expectation is a strong opening and on the first sign of weakness, will look for retracement towards 24725/24810 area. Close above 24800 will be a sign of further strength.  

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