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RaviChandran_Rajkumar

Bank Nifty Trade Plan for 22 AUG 2022

BANKNIFTY INDEX FUTURES (NSE:BANKNIFTY1!)  
RaviChandran_Rajkumar  
NSE:BANKNIFTY1!   BANKNIFTY INDEX FUTURES
Trend Analysis Chart Patterns Technical Indicators tradershedge BANKNIFTY bankniftytrend bankniftytradesetup bankniftyanalysis bankniftytrading bankniftylevels bankniftyintradaylevels bankniftyview
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Bank Nifty Trade Plan for 22 AUG 2022

Bank Nifty is bullishly biased for the day with a solid bullish closing and managed to close above key resistance level of 36200.

Expecting a gap up opening in Bank Nifty around R1 resistance levels.

If R1/Bullish Break Out is taken on opening 15-30 min we can possibly expect T1/T2 Targets today.

In case if R1/Bullish Breakout is not taken out on opening then we can possibly expect Bank Nifty to be retest CPR and then bounce back on upside.

Any compromised of CPR we can possibly expect Bullish Reversal and then S1/Bearish Breakout as possible lower targets.
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