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RaviChandran_Rajkumar

Bank Nifty Trade Setup for 13 Sep 2021

Nifty Bank Index (NSE:BANKNIFTY)  
RaviChandran_Rajkumar  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns Technical Indicators tradershedge BANKNIFTY bankniftytrend bankniftytradesetup bankniftytrading bankniftytrendanalysis bankniftyanalysis
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trendanalysis chartpattern indicator tradershedge banknifty bankniftytrend bankniftytradesetup bankniftytrading bankniftytrendanalysis bankniftyanalysis
Bank Nifty expected to open flat.

Narrow CPR in Bank nifty expecting some volatality. Last 2 trading sessions were very much range bound. The previous session closing is below the current day CPR and hence the current CPR should act as possible resistance.

The first immediate resistance is 36763 and if that is taken out we can expect 36843 to be tested out.

Any compromise of 36603 we can expect BN to test out 36526 & lower target 1 & 2 of 36400 levels.
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