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Bankniftytrendanalysis

Bank Nifty Trade Setup for 13 Sep 2021Bank Nifty expected to open flat. Narrow CPR in Bank nifty expecting some volatality. Last 2 trading sessions were very much range bound. The previous session closing is below the current day CPR and hence the current CPR should act as possible resistance. The first immediate resistance is 36763 and if that is taken out we can expect 36843 to be tested out. Any compromise of 36603 we can expect BN to test out 36526 & lower target 1 & 2 of 36400 levels.
NSE:BANKNIFTY
by RaviChandran_Rajkumar
Bank Nifty Trade Setup for 09 Sep 2021Expecting a flat to small gap up opening in case of Bank Nifty. Bank nifty traded pretty bullish the yesterday session and closed above next day CPR. In case of Bearish Reversal zone of 36895 is taken on the opening and find support we can expect Banknifty to again test out Bullish Breakout zone of 37022 & Target 1 & Target 2. In case if the open is flat and Previous day high is giving resistance we can expect it test Bullish Reversal zone of 36641. Any good support at 36641 we can again expect BN to go and test the Bearish Reversal zone and higher. Unless Bearish Breakout zone of 36513 is compromised on lower side no shorting opportunities.
NSE:BANKNIFTY
by RaviChandran_Rajkumar
Bank Nifty Trade Plan for 26 Aug Expiry Day TradeExpect Bank Nifty to be opening flat. If Bank Nifty opens flat and moves to test the CPR , any rejection around 35770 levels we can look for Possible shorting opportunity with CPR as our first target And if CPR is compromised we can look for for Bullish reversal zone as next support and if that is compromised we can expect Target1 & Target 2. Any support above 35812 we can expect BN to test yesterday high as possible higher target for today.
NSE:BANKNIFTY
by RaviChandran_Rajkumar
Bank Nifty Trade setup for 24 Aug 2021Long Opportunity: If Bank nifty opens flat and takes support at CPR, we can look for possible long opportunity with first resistance at 35225 and 35292. If 35292 is taken on the upside we can expect previous session high & may be Virgin CPR levels. In case CPR is compromised on opening we can expect the support at Bullish reversal zone wherein we can again look for long opportunity. Short Opportunity : If bullish reversal zone is compromised we can expect previous session low to be tested.
NSE:BANKNIFTY
by RaviChandran_Rajkumar