Bank Nifty Trade Setup for 22 Sep 2021
Bank Nifty recovered very well in todays session and managed to close above the next day CPR.
A reversal setup in case of BN, CPR should act as a possible support tomorrow and we can see that 37011 is a bullish reversal zone. Any good support around these on opening we can expect BN to test out Bearish Reversal zone 37460 & Breakout zone of 37684.
If Bullish Break out is taken out we can expect T1 & T2.
In case BN opens flat and CPR is compromised we can expect BN to test 36788 & that compromised we can expect lower T1 & T2 levels to be tested.
A reversal setup in case of BN, CPR should act as a possible support tomorrow and we can see that 37011 is a bullish reversal zone. Any good support around these on opening we can expect BN to test out Bearish Reversal zone 37460 & Breakout zone of 37684.
If Bullish Break out is taken out we can expect T1 & T2.
In case BN opens flat and CPR is compromised we can expect BN to test 36788 & that compromised we can expect lower T1 & T2 levels to be tested.