Bank Nifty Trade Plan for 04 OCT 2021

Bank Nifty Trade Plan for 04 OCT 2021

Bank Nifty traded in a very narrow range in the last session and managed to close above the next day CPR levels showing some signs of pull back.

Bank Nifty likely to open with a small gap up opening.

37342 is the first resistance to watch out, if that is taken out successfully we can expect Bank nifty to find resistance from previous session Virgin CPR levels which is our Bullish Breakout zone of 37458. If break out is confirmed we can expect possible Target 1 & Target2.

In case CPR is compromised we can expect possible Breakout zone 36994 & lower Target1 & 2.