Bank Nifty Trade Setup for 13th October 2021

Hello Everyone,

Bank Nifty has a significant role in the current market rally. PSU and Private banks have given a good performance, and can this rally can be continued in the result season. Our target is still open from 38,900 to 39,000. You guys need to understand the bull market behavior. An hourly Low is crucial because it holds the whole trend and a high probability is to take support from the hourly low. You have experienced it in yesterday's trading session, so try to understand the market structure and behavior.

Trade setup
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Long: Build your long position if the Index close above 38,600 in the first hour for the target of 38,800 to 39,000
Short: Short Position is precarious in a trending market, so be careful. The short position can consider The Index close lower 38,300 in the first hour for the target of 38,100 to 38,000.