RaviChandran_Rajkumar

Bank Nifty Trade setup for 12 JAN 2022

NSE:BANKNIFTY   NIFTY BANK
Bank Nifty Trade setup for 12 JAN 2022

Global markets looks bullish and Bank Nifty expected to gap up around 38620 levels.

38600 zone is a strong resistance, if it sustains and manages to find support above 38630 the we can expect a possible up move to next targets with SL below R1.

In case of resistance confirmed around R1 we can expect BN to again test PDC & CPR .