16SEP2021 for NSE:BANKNIFTY1! by TradersVenue

#Nifty Fut 17264/17301/17378/17440 - 17565/17594/17654/17705
TradersVenue RDX Trend Score- 75M(5*)/1D(5*)/1W(5*) #Bullish

#BankNifty 36311/36508/36621/36854 - 37065/37167/37242/37400
TradersVenue RDX Trend Score- 75M(4*)/1D(5*)/1W(5*) #Bullish

#TradePlan #PreOpenUpdate #IndexFutLevels #16SEP2021

Data:
🟡 Highest OI on CE side at 17500. #Short covering above 17550.
🟢 Sustaining above 17550 for 15 mins, #Nifty may move higher
🟢 Sustaining above 37075 #BankNifty can move towards 37300

Global Cues:
🟢 US markets closed higher with decent gains paring prev day loss
🔴 European markets closed lower yesterday. Today trading lower.
🔴 Asian Peers trading lower, can lead to some initial weakness

Yesterday was short covering rally with least institutional participation.
TradePlan: Hold longs in #Nifty add as #Long as 17482 is protected
Buy 37000 CE once #BankNifty breaks out above 37025 & sustain 10M

Comment:

TradePlan Update:

🟢 37000 CE moved from 115 to 700. #BankNifty made ATH
🟢 #Nifty sustained above 17482 and made high of 17635

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