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...
Nifty looks bullish with a Narrow CPR and managed to close above the CPR and 18100 levels.
In case if Nifty opens flat to small gap up, any pull back to CPR and holds good we can go long with SL below Bullish reversal and sit for first target of 18200 and then if that is taken out we expect 18275.
In case of Bullish Breakout 18275 taken out we can expect 18450...
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.
Nifty Trade Plan for 22 OCT 2021
Expect a gap up opening in Nifty
Narrow CPR today, After gapup opening 18270 is the first resistance to be watched out.
If that is taken out successfully then we can expect 18363.
If Break out confirmed we can expect 18500 levels.
In case of any reversal and CPR will be a buying opportunity.
Bank Nifty Trade Plan for 21 OCT 2021
Very narrow CPR in Bank Nifty.
Lot of resistance on the upside for bank nifty , expecting to be a range bound setup today.
Any rejection around the Bullish Breakout zone we can expect BN to again test CPR.
CPR getting compromised on the lower side we can expect below Virgin CPR to provide strong support.
Bank Nifty Trade Setup for 13 OCT 2021
Expecting a gap up opening in case of Bank Nifty.
The first resistance to watch out is Bearish Reversal of 38650, if that is taken out we can expect higher levels are marked.
Any resistance from Bearish Reversal zone we can expect CPR to be tested out. We have strong support at 38394.
Nifty Trade Setup for 13 OCT 2021
Expecting a gap up opening in case of Nifty.
The first resistance to watch is the Previous session high. If that is taken out on upside then we can expect Nifty to make fresh high.
Any resistance from Bearish Reversal zone we can expect CPR to be tested out.
Bullish Reversal zone of 17952 is a strong support.
Bank Nifty Trade Setup for 12 OCT 2021
Bank Nifty it sustains above 38280 , we can expect again go and tested previous swing high.
38087 Bullish Reversal is key to watch out today, Bulls will try to defend this level ,
in case if this compromised we can expect possible test of 37880 & lower.
Nifty Trade Plan for 12 OCT 2021
Nifty showed some good profit booking on closing. CPR should act as a good support to good long.
If CPR acts a good resistance we can possibly short and expect Nifty to test Bearish Breakout zone 17834 levels.
In case if that is compromised we can expect the previous virgin CPR levels getting tested. (Target 1 & Target2)
Bank Nifty Trade Setup for 11 OCT 2021
If CPR taken on upside we can expect PDH to be tested.
If Bearish Reversal confirmed or CPR gives resistance we can expect 37656 and then 37538.
Bearish breakout compromised then Target1 , Target2 can be tested.
Nifty Trade Plan for 11 OCT 2021
If Bullish Reversal provides support & CPR taken out upside
we can expect PDH will be possible first target and if taken out we can expect new highs.
If Break out is confirmed we can possibly expect Nifty
to test Target 2 & even Extended Target Zone at lower support zone
Nifty Trade Setup for 07 OCT 2021
Nifty likely to have a gap up opening.
Nifty formed a descending wider CPR and expected opening will be around the CPR levels.
We have bearish reversal zone inside the CPR around 17720, if this resistance holds good nifty sustains below 17720 we can expect nifty test yesterday low and if that is compromised we can expect even...
Bank Nifty Trade Plan for 05 OCT 2021
Bank Nifty likely to open gap down.
The immediate support for Bank Nifty would be around 37300 zone, if that is compromised we can expect Bank Nifty to test 37126 levels.
In case of this support of 37100 getting compromised we can expect it to again test 36900.
If 37126 holds good and sustains then we can expect a pull...
Nifty Trade Plan for 05 OCT 2021
Nifty likely to open gap down.
The immediate support for Nifty is around 17543, if that is compromised there is a very good support around 17506 levels.
Any support around these we can expect Nifty to again bounce back. In case if this support is compromised we can expect Nifty to again test 17440 and lower levels.
In case if...
Bank Nifty Trade Plan for 04 OCT 2021
Bank Nifty traded in a very narrow range in the last session and managed to close above the next day CPR levels showing some signs of pull back.
Bank Nifty likely to open with a small gap up opening.
37342 is the first resistance to watch out, if that is taken out successfully we can expect Bank nifty to find resistance...
Nifty Trade Plan for 04 OCT 2021
Nifty traded in a very narrow range in the last session and managed to close above crucial support of 17500 levels.
Nifty likely to open flat today to small gap up.
17500 is a strong support for Nifty & any support confirmation on opening we can expect Nifty to again go for retest for Previous session high & if 17560 taken on...
Bank Nifty closing on a weaker note.
In case BN opens flat or with a small gap up , 37571 is a strong resistance to watch out.
Any resistance around these levels or CPR getting compromised on lower side we can
look for possible shorting opportunity and sit for 32280 levels.
If 32280 compromised we can expect lower targets as marked on charts.