Nifty expected to have gap up opening. All global parameters looks pretty bullish. In case of gap up opening above 15791, if a good support is confirmed around 15791 then we can expect Target 1 , Target 2 & Even Ex Target around 15900 levels. Any good rejection confirmation around Target 2 we can look for possible shorting with a small SL or option selling.
Bank Nifty too looks to open with gap up. On gap up opening above 35830 and support confirmed we can possible expect Target 1 & Target 2. 36000 is a strong resistance if taken out we can expect extended targets. Any rejection confirmed around these we can look for possible reversal trade today.
Expecting Bank Nifty to open flat . Narrow CPR in BN and if CPR Support confirms we can go long and our first Target will be 35720 & if that is taken out we can expect 35823. Any rejection signs around 35823 & 35720 we can look for quick scalp to lower support. In case of CPR compromised on lower side we can expect 35514 & 35410
Expect 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...
Expecting Nifty to open flat to small gap up. 16608 is a strong support in case of Nifty & 16665 is first resistance to watch out. A support at 16665 we can expect Nifty to test 16670 & then if that is taken out we can expect 16700 levels to be tested again. Any good rejection around 16686 we can look for possible shorting opportunity. In case 16608 is...
Bank Nifty Trade Plan for 25 Aug 2021 Watch out for PA around 36000 levels 35911 levels
Nifty Trade Plan for 25 Aug 2021 Gap up opening expected in Nifty . Watch out for price action around 16708 levels.
Long 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...
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.