RaviChandran_Rajkumar

Bank Nifty Trade Setup for 09 Nov 2021

NSE:BANKNIFTY   NIFTY BANK
Bank Nifty Trade Setup for 09 Nov 2021

Bank Nifty had managed to close above 39400 levels showing good strength.

In case BN open flat and pull back to CPR finds a support, we can go long with first possible target of 39600/39700.

In case of 39650 taken out and sustains we can expect possible next target possible targets as marked on charts.

We can expect some shorting opportunity only if 39234 is compromised and forms a resistance.