Long Opportunity :
If Nifty opens flat and CPR provides support and first resistance of 16530 taken out we can expect it test 16550 & then the previous V-CPR levels.
A close above V-CPR we can expect again to go long and sit for Target 1 & Target 2
Any good support at yesterday's low is good opportunity to go long.
Short Opportunity :
Any resitance at V-CPR we...
Bank Nifty had a bearish closing in the previous session and holding support from the monthly CPR levels.
35138 is the first level of resistance ad if that is taken on the upside we can expect the upper targets and likely the previous gap to be tested.
In case of 34930 is compromised on the lower side we can expect lower supports to be tested.
Nifty had a bearish closing in the previous session.
The current day CPR is narrow and 16413 is a key support to be watched out.
If it sustains to hold then we can expect Nifty to again test 16523 & 16585 levels.
In case if 16143 & 16377 is compromised we can expect the lower Targets to be tested.
Expecting a gap down opening in case of Bank Nifty.
Marked below are the possible levels to be watched upon opening tomorrow. Will wait for the price action around these supports and take possible trades.
Virgin CPR of Aug 4 needs to be watched.
If it opens below the Bearish Break out zone then any resistance on lower side we can expect lower levels.
Expecting a gap down opening in Nifty tomorrow.
At the time of review, SGX is trading around 16360 where in we have a good support from V-CPR and can expect some long opportunity .
On the upside we have resistance around 16477.
If 16477 is taken on upside then we can expect the gap to be filled.
BANK Nifty expected to open flat.
Bank Nifty managed to close bullish above current day CPR which should act as a possible support.
In case CPR is compromised we can expect next support around 35762.
First resistance on the upside is around 35972 and then if that is taken on upside we can expect yesterday's virgin cpr to be tested out.
Nifty expected to open flat to small gap down.
Expecting a volatile expiry day.
CPR looks to be a strong support and expecting nifty to find support and we can expect to it test 16651 & may be even 16700.
In case of CPR compromised we can expect 16500 levels to be tested.
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.
Nifty Trade Plan for 17 Aug 2021
Nifty expected to open Flat.
16528 looks to be a good support and if confirmed we can possibly take long positions and expect to test previous session
high around 16593 levels.
If 16593 taken on upside we can look for higher targets as plotted.
If 16480 compromised then we can expect possible shorting opportunities.
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.
Nifty Trade Plan for 16 Aug 2021
Expecting a flattish opening in Nifty .
16544 is breach and gives support on opening we can go long and can expect Target 1 & Target 2
Any pull back to 16483 and good support will give option to go long again with SL below 16437.
If 16437 is compromised then we possibly short sit lower targets and previous Virgin CPR.
Nifty expected to open flat to gap down.
If 16207 is compromised then we can expect to test the breakout zone of 16175.
If 16175 compromised we can sit for lower targets 1 & 2.
Go long in case any closing above 16300 only.
Bank Nifty trade setup for 06 Aug 2021
Bank Nifty looking slightly bearish
If 35960 founds a support we can go long and sit for breakout 36084 and if that is sustained we can expect Target 1 & Target2.
If 35710 gets compromised we can expect BN to test out lower targets and even Previous virgin CPR levels can also be tested out.
Nifty Trade setup for 06 Aug 2021
Expect a flattish to small gap up opening in Nifty.
In case the CPR or Bullish reversal zones holds good on opening we can expect Nifty to test our
Bearish reversal zone of 16332 & if that is taken out we can expect 16371 & higher.
If Bearish breakout below 16218 we can expect the lower targets and the gap might be filled out.
Bank Nifty Trade Plan for 16 June 2021
Today's Trade Setup :
Global clues looks little weak.
Expected Bank Nifty to open slightly gap down.
If Bank Nifty opens gap down, then 35134 & 35040 is the key support and immediate resistance is 35212.
If Bank Nifty finds some support around 35040 it might test out 35212.
If 35040 is taken out it might go to test the...