BANK NIFTY trade setup for 04 Jan 2021
BANK NIFTY trade setup for 04 Jan 2021
Bank nifty traded in a tight parallel zone for the last couple of days and closed below the today cpr levels.
But we can expect a positive upwards movement in the bank nifty today as the global news are all good. Any dip to the support zones will be good buying opportunity and we can look out for the upper targets as plotted.
The currently plotted Buy & sell zones are calculated based on historic price values and the exact levels will be updated by the indicator once the market opens up.
Bank nifty traded in a tight parallel zone for the last couple of days and closed below the today cpr levels.
But we can expect a positive upwards movement in the bank nifty today as the global news are all good. Any dip to the support zones will be good buying opportunity and we can look out for the upper targets as plotted.
The currently plotted Buy & sell zones are calculated based on historic price values and the exact levels will be updated by the indicator once the market opens up.
Trade active:
Market Gap up and showed resistance on our Target 2 and if shorted it took support at Buy zone 3 and then started moving up again