RaviChandran_Rajkumar

Bank Nifty Trade Setup for 17 NOV 2021

NSE:BANKNIFTY   NIFTY BANK
Bank Nifty Trade Setup for 17 NOV 2021

Bank Nifty looking weaker by closing below next day CPR levels in yesterday session and also a wider CPR today. Expect to be trading a range today.

Expecting a flat to small gap down opening.

If previous day low is compromised and 38165 taken out we can expect Banknifty to test 38000 support once.

Lot of resistances on the upside today hence going long is risky and its sell on rise today.