Expect a flat opening in BN . Bank Nifty is shown weakness on closing yesterday and well below today CPR levels. 36157 should act as a good resistance for BN today and if that is compromised we can expect it to again test previous session highs & higher. In case if 36031 is taken on the lower side we can expect BN to test lower supports of 35895 & 35865 level.
Bank Nifty Trade Plan for 16 Aug 2021 BANK Nifty too looks bullish and expecting a flattish opening. 36087 is a good support and any retest to this level and support confirmed we can go long and wait for upper targets. A breakout above 36235 is again a good buying opportunity for Target 1 & 2. Prefer go short for a quick short target on breach of CPR.
understanding trends through support and resistance.
Understanding trends through support and resistance.
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understanding trends through support and resistance.
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Market responded exactly the way we discussed, it was more like one sided rally for 400++ points but now stands at a crucial level as you can see multiple rejections and reversal can be seen in these zones from 35300-35500 wherein BEARS have always overpowered the BULLS NO CLEAR DIRECTION FOR BANKNIFTY UNLESS 35500 is breached with proper candle close Expecting...
understanding Banknifty future trades and levels through support and resistance.