RaviChandran_Rajkumar

Bank Nifty Trade Plan for 06 JAN 2022

NSE:BANKNIFTY   NIFTY BANK
Bank Nifty Trade Plan for 06 JAN 2022

Global markets showing some bearishness and Bank Nifty is at resistance.

Expect Bank Nifty to open gap down around 37500 and might try to find support from CPR . Watch out for the price action around these levels.

Expect Bank Nifty to trade in a range today, so 38000 - 37400 strangles would be ideal as per my view.

As Per Open Interest
Resistance - 38000
Support - 37400