Bank Nifty Trade Plan for 26 OCT 2021

Bank Nifty looks well poised after making new highs and forming a very narrow CPR for today.

In case BN opens flat to small gap up, any pull back to CPR and takes out
41300 levels we can expect it test Bearish Breakout of 41555. In case if that is taken out we can expect 42K.

In case if 41000 is taken out on lower side and sustains then we can expect Shorting opportunity for Bearish Breakout 40465 and previous Virgin CPR to act as a good support.