Bank nifty trades and targets - 22/8/24

Aug 21Hello Everyone. The market was in a bearish mode today. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for directional trades. Book profits every 100 points as we are getting very few trending moves.

Aug 22

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Bank Nifty is opening gap up. It has come down till previous day high for sure. Look for PE till then, after it reaches just book profits without waiting for a second.

Aug 22

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Gap is filled till previous day high. From now onwards think it as market opening flat and trade according to levels.