Bank Nifty Trade Plan for 11 June 2021
Bank Nifty Trade Plan for 11 June 2021
How chart looks on HTF :
Bank Nifty formed a good bullish candle on daily time frame and managed to close above 35100 levels
Expected Opening :
Expecting a flattish to small gap up opening in Bank Nifty.
Today's Trade Setup :
Bank Nifty looks bullish and managed to close above next day CPR.
If flat or gap up opening, Watch out for break out above 35163 and if support confirmed do go long with 35050 as stop loss and sit for target of 35400 levels.
If gap down or markets finds 35000 as resistance then we can expect it to test 35800 again. But would prefer going short if 35900 is taken on the lower side below the weekly support.
How chart looks on HTF :
Bank Nifty formed a good bullish candle on daily time frame and managed to close above 35100 levels
Expected Opening :
Expecting a flattish to small gap up opening in Bank Nifty.
Today's Trade Setup :
Bank Nifty looks bullish and managed to close above next day CPR.
If flat or gap up opening, Watch out for break out above 35163 and if support confirmed do go long with 35050 as stop loss and sit for target of 35400 levels.
If gap down or markets finds 35000 as resistance then we can expect it to test 35800 again. But would prefer going short if 35900 is taken on the lower side below the weekly support.