Bank Nifty Trade Setup for 04 MAY 2022
Bank Nifty Trade Setup for 04 MAY 2022
Bank Nifty also closed on a positive note in the previous session and today expected to open flat.
The immediate support for BN is CPR. Any pull back to 35994 or 35900 levels wait for support confirmation and go long for a possible target of PDH & Bearish Reversal zone.
In case if R1 is taken out we can expect good move on the upside. Any resistance from R1 we can expect BN to be in a range.
I would prefer to go short if S1 support of 35776 is compromised for the lower targets.
Bank Nifty also closed on a positive note in the previous session and today expected to open flat.
The immediate support for BN is CPR. Any pull back to 35994 or 35900 levels wait for support confirmation and go long for a possible target of PDH & Bearish Reversal zone.
In case if R1 is taken out we can expect good move on the upside. Any resistance from R1 we can expect BN to be in a range.
I would prefer to go short if S1 support of 35776 is compromised for the lower targets.