Bank Nifty Trade setup for 16 May 2022
Bank Nifty likely to have a gap up opening around Bearish Reversal Zone.
Structurally Bank Nifty is bearishly aligned for the day and at key support levels.
The immediate resistance for Bank nifty will be 33400 levels to again show good trend reversal.
In case of gap up opening and sustains above Bearish Reversal zone and...
Nifty Trade setup for 16 May 2022
Nifty likely to have a gap up opening around Bearish Reversal Zone.
Structurally Nifty is bearishly aligned for the day and at key support levels.
The immediate resistance for nifty will be 16000 levels.
In case of gap up opening and sustains above Bearish Reversal zone and we get buy triggers on indicators around these levels...
Bank Nifty Trade Setup for 11 MAY 2022
Bank Nifty is likely to open gap down around yesterday CPR levels which should provide good support.
In case S1 support is getting compromised we can expect to test T1/T2 target from where we can expect possible reversal.
Break down of T2 we can expect further selling in the market.
Nifty Trade Setup for 11 MAY 2022
Nifty is bearishly aligned.
Expecting a gap down opening in Nifty around Bearish Breakout zone. Any resistance from S1 / Bearish Breakout Zone we can expect Nifty to test out T1/T2 & even extended targets of 15900 levels before finding the support.
Any support confirmation at 15970 levels we can possibly look for a buying...
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...
Nifty Trade setup for 06 MAY 2022
Nifty formed a inside day bar on daily time frame closing around previous day low.
We can expect some good break out move tomorrow in case if the previous day low is getting compromised.
The CPR is bearishly aligned for tomorrow.
GAP UP Opening :
In case of Gap up opening, 16763 should act as a strong resistance, any...
Bank Nifty Trade Setup for 04 MAY 2022
Bank Nifty also closed on a positive note in the previous session and today expected to open flat.
The immediate support for BN is CPR. Any pull back to 35994 or 35900 levels wait for support confirmation and go long for a possible target of PDH & Bearish Reversal zone.
In case if R1 is taken out we can expect good move on...
Nifty Trade Setup for 04 MAY 2022
Nifty likely to open flat. Nifty closed on a positive note in the previous session and any pull back to test 17021 / 17000 levels is a good buying opportunity after confirmation of support.
We will look for possible sell opportunity only if S1 support of 16960 is compromised for lower Target of T1 & T2.
Any support around CPR...
Bank Nifty Trade setup for 27 APR 2022
Bank nifty closed around the key resistance of 36400 in the yesterday session.
As the global parameters turned negative overnight in the last trading session Bank nifty is likely to open gap down around 35900 levels.
Any resistance confirmation at these levels we can anticipate to test 35600 levels.
Any support...
Nifty Trade setup for 27 APR 2022
Nifty closed on a very positive note but due to Dow Jones correcting we are expecting nifty to open around 16860 levels which is also our weekly support.
In case if 19860 support is taken out with resistance confirmation we can anticipate 16750-16700 levels where we can anticipate a possible buying interest.
On the upside 16970...
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.
Nifty Trade setup for 26 APR 2022
Nifty closed on positive note in the previous session, closing above the next day CPR levels.
The global parameters also looks bullish and likely to open with a gap up around Target1 levels of 17100.
Immediate support for Nifty is R1 which should act as a good support, any pull back to R1 is a buying opportunity with SL below...
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...
Nifty trade setup for 25 APR 2022
Nifty having a gap down opening around 17000 levels.
20 APR Virgin CPR is a strong support for Nifty if that is getting compromised then we can expect Nifty to test the next support of 16800 & 16700 levels before getting a bounce back.
In case the virgin CPR gives a good support we can expect a pull back from these...
Bank Nifty Trade Setup for 21 APR 2022
Bank Nifty forming a perfect inside candle trading between the yesterday range.
A very narrow CPR for tomorrow and can expect a break out.
Flat Opening:
In case of flat opening and in the first few minutes if CPR provides support we can expect BN to test R1. If R1 is taken out we can expect T1/T2 targets & higher.
Gap up...
Nifty Trade Setup for 21 APR 2022
Nifty closing looks bullish and managed to close above today's and tomorrows CPR.
At this point of time the global clues looks bullish to neutral.
Flat Opening:
CPR should act as a good support & Bullish Reversal should act as a strong support. Any support confirmation around these zone we can possibly go long & expect Bullish...
Bank Nifty Trade Setup for 19 APR 2022
Expected Opening:
Bank Nifty likely to open with a small gap up opening around Bearish reversal zone of 36873.
The immediate resistance to watch is R1 & PDH. Any resistance to R1/PDH we can expect Bank nifty to be in range and will try to test the CPR for a support.
Any support confirmation at CPR is a good opportunity to...
Nifty Trade Setup for 19 APR 2022
Expected Opening:
Nifty expected to open with a small gap up opening between R1 resistance and Bearish Reversal zone.
In case R1 resistance holds good we can again expect Nifty to test CPR levels. Any support getting confirmed at CPR we will have a good opportunity to take long position with R1 & above targets.
In case if CPR...
