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Bank Nifty Trade Setup for 19th October 2022

Nifty Bank Index (NSE:BANKNIFTY)  
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NSE:BANKNIFTY   Nifty Bank Index
Support and Resistance Supply and Demand Candlestick Analysis BANKNIFTY bankniftytrend bankniftyanalysis bankniftyoptions bankniftylevels bankniftyintradaylevels bankniftyprediction bankniftyintradaysetpup
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supportandresistance supplyanddemand candlestick banknifty bankniftytrend bankniftyanalysis bankniftyoptions bankniftylevels bankniftyintradaylevels bankniftyprediction bankniftyintradaysetpup
Bank Nifty is looking bullish in the short term with potential to move higher if the 40500 level is broken

Outlook
- Charts : Bullish
- OI Data : Bullish - 40500 is a strong area of resistance
- FII Activity : Super Bullish

Verdict :- Bullish outlook, expect an up move at the opening and if the price is able to sustain above 40500 then we may see 41000 as well. SGX Nifty indicates a flat opening despite the global markets being strongly in green. We may see a larger movement in our index then SGX after opening.

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