Both Nifty & Bank Nifty is bearishly aligned for the day.
Expecting a flat to small gap down opening in case of both the indices .
CPR should act as a strong resistance for today.
Any resistance from CPR / R1 can expect a selling opportunity today for the targets lower as marked on the charts.
In case S1 getting compromised we can expect some trending moves on...
Bank Nifty Trade setup for 06 MAY 2022
Bank Nifty formed a inside day bar on daily time frame closing around previous day low.
The CPR is bearishly aligned for tomorrow with formation of continous descending CPR for fourth consecutive session. Closing is below the next day CPR & hence tomorrow CPR will act as a strong resistance.
GAP UP Opening :
In case of...
Bank Nifty Trade setup for 26 APR 2022
Bank nifty closed on high note almost at day high.
Bank Nifty is likely to open around R1 resistance, if R1 resistance holds good we can again expect to test PDH . Any support confirmation around PDH or break out R1 we can go long with possible target of T1/T2.
BN is buy on dip today.
Bank Nifty trade setup for 25 APR 2022
Bank Nifty is likely to open around 35600/35500 levels.
The immediate support for this is 29 MAR Virgin CPR zones, the low of that is 35400. Hence we can expect some support around these levels and can expect a reversal.
In case if this this getting compromised we can expect Bank Nifty to test out 35000 where the next...
Bank Nifty Trade Setup for 11 FEB 2022
Bank Nifty expected to open around S1 Support 38622.
In case BN fails to sustain 38610 during the initial opening, then we can anticipate yesterday CPR zone 38500 getting tested.
In case 38500 getting compromised we can expect T1 & T2.
In case S1 support getting confirmed then we can go long with target as CPR, if CPR...
Bank Nifty Trade Setup for 09 FEB 2022
Bank Nifty expected to with a small gap up opening around PDH.
Any pull back to CPR & support confirmed we can possibly go long with an anticipated target of 38525.
A breakout above Bullish Break out can expect Target 1 & Target 2.
Bank Nifty Trade Plan for 31 JAN 2022
Expect Bank Nifty to open flat to small gap up inside the CPR.
Will wait for support confirmation at CPR to initiate any long opportunity for possible target of R1 & T1.
Any resistance around R1 , can expect BN to be in range and might test CPR & Previous day close.
Any breakdown below PDC we can expect lower targets as plotted.
Bank Nifty Trade Plan for 27 JAN 2022
Bank Nifty likely to open gap down around CPR.
In case BN tests out S1 support or sustains above 37000 on opening then we can expect BN to test 37500 once.
I would prefer to go short only if PDL is compromised today.
Option selling should be preferred today as CPR is also quite wide today and expect a range bound market.
This is 1 HR Bank nifty chart with weekly pivots.
Bank Nifty was trading inside the weekly CPR for last 2 trading sessions and was taking resistance around weekly TC.
In case of gap up opening and 37080 taken on upside and provides support we can expect higher targets 37300 & higher.
Trade Plan for 13 DEC 2021
Expecting a gap up opening in Bank Nifty.
In case BN opens above R1 and sustains above 37263, then we can possibly go long and sit for Target1 - 37392. If 37400 taken out and sustains we can expect 37500.
Any resistance from PDH or 37265 we can expect BN to test PDH or CPR levels.
Bank Nifty Trade Plan for 01 DEC 2021
Bank Nifty looking weaker and closed below the next day CPR levels.
Any gap up opening or flat opening, we will look for possible opportunity to sell on CPR rejection or closing price getting compromised on lower side and sit for possible lower targets as plotted on the chart.
Expecting market to be in a range rather then...
Bank Nifty Trade Plan for 18 NOV 2021
Expecting Bank Nifty to open flat to small gap down today.
Bank Nifty good support is found around 37780 and can expect some reversal trade to CPR today.
If CPR taken out we can expect it test 38300.
Expecting Bank Nifty to be in a range bound today being expiry.
Bank Nifty Trade Setup for 17 NOV 2021
Bank Nifty looking weaker by closing below next day CPR levels in yesterday session and also a wider CPR today. Expect to be trading a range today.
Expecting a flat to small gap down opening.
If previous day low is compromised and 38165 taken out we can expect Banknifty to test 38000 support once.
Lot of resistances on...
Bank Nifty Trade Plan for 02 NOV 2021
Expect a possible gap up opening in Bank Nifty.
40050 is a first resistance to watch out in case of gap up opening.
If that is taken out taken out the next resistance is the breakout zone of 40172, if that is taken on upside we can expect 40400/40500 levels.
Any pull back to closing price or CPR on opening is a buying...
Bank Nifty Trade Plan for 01 NOV 2021
A very narrow CPR in Bank NIfty, do expect a good move today or tomorrow.
If Bank Nifty finds a good support and sustains above 39405 levels we can expect it to test 39930 target. If that is taken on upside we can expect possible Target 1 & higher.
If 38744 compromised we can possible short Bank Nifty and sit for targets of...
Bank Nifty Trade Plan for 27 OCT 2021
Bank Nifty expected to have flat to small gap up opening.
41090 is a strong support and any pull back to this level and finding support we can go long with possible first target of Bearish Reversal zone of 41387 and that taken out we can see it to test Breakout zone of 41534 & higher.
Would prefer to short Bank nifty only...
Bank Nifty looks well poised after making new highs and forming a very narrow CPR for today.
In case BN opens flat to small gap up, any pull back to CPR and takes out
41300 levels we can expect it test Bearish Breakout of 41555. In case if that is taken out we can expect 42K.
In case if 41000 is taken out on lower side and sustains then we can expect Shorting...
Bank Nifty Trade Plan for 22 OCT 2021
Bank Nifty looks pretty bullish and small gap up opening expected.
40242 is the first resistance to be watched.
Any reversal at these zones to closing price or CPR is a buying opportunity.
In case of 40242 acts as support we can expect 40455 & higher targets as marked.