RaviChandran_Rajkumar

Bank Nifty Trade Setup for 17 JAN 2022

NSE:BANKNIFTY   NIFTY BANK
Bank Nifty Trade Setup for 17 JAN 2022

Bank Nifty likely to open gap down.

38500 looks to be strong resistance and 38000 looks to be strong support for today.

In case if Bank Nifty CPR is compromised today on lower side we can expect possible test of S1 (38102) Support and if that is compromised PDL (38000) likely to get tested.

If PDL is compromised we can expect lower V-CPR to get tested.

Expecting to be a range bound market today.

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