Bank Nifty is bearishly aligned for the day. Bank Nifty is expected to open flat to small gap down opening.
In case if Bank Nifty opens flat to small gap down, any resistance from PDL & CPR we can possibly short the market and sit for targets of S1 as our first target.
In case of S1/Brearish Break out taken out we can expect next target to be Virgin CPR zone which also coincides with our Target 1.
Would prefer to go long only above CPR & at lower targets of Target 1/2.