RaviChandran_Rajkumar

Bank Nifty Trade Setup for 07 OCT 2021

NSE:BANKNIFTY   NIFTY BANK
Bank Nifty Trade Setup for 07 OCT 2021

Bank Nifty likely to have a gap up opening.

37700 seems to be a good resistance to watch out , if that is taken out on the upside we can expect 37882 and if that is taken out previous day high to be tested out.

In case of CPR getting compromised on lower side we can expect 37341 getting tested. If that is compromised the lower Virgin CPR level of 37100 levels to be tested out.