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Nifty Trade setup for 06 MAY 2022Nifty 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 resistance around these we can expect Nifty to again test previous day low & further lower targets. GAP Down Opening : In case of Gap down opening below PDL, we can expect first support around 16575 & that getting compromised we can expect 16500 & 16400 levels. Flat Opening: In case of flat opening, we will wait for rejection from PDL & go short or a support at Previous day low we can go for quick scalp to CPR.
NSE:NIFTY
by RaviChandran_Rajkumar
1
Bank Nifty Trade Setup for 04 MAY 2022Bank 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 the upside. Any resistance from R1 we can expect BN to be in a range. I would prefer to go short if S1 support of 35776 is compromised for the lower targets.
NSE:BANKNIFTY
by RaviChandran_Rajkumar
Nifty Trade Setup for 04 MAY 2022Nifty 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 or break out PDH we can expect possible target of 17135. In case if R1 resistance of 17135 is taken out & sustained we can possibly look for T1 & T2 targets on the higher side.
NSE:NIFTY
by RaviChandran_Rajkumar
Bank Nifty Trade setup for 27 APR 2022Bank 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 confirmation around these we can expect first resistance at 36000 level and then 36200.
NSE:BANKNIFTY
by RaviChandran_Rajkumar
Nifty Trade setup for 27 APR 2022Nifty 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 is a good resistance to watch out , a break out above this we can anticipate 17100-17150 levels.
NSE:NIFTY
by RaviChandran_Rajkumar
Nifty Trade setup for 26 APR 2022Nifty 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 Bearish Reversal zone for a target of T1/T2 & higher. On the upside the first resistance is around 17120-17150 levels, a break out of that we can expect to test 17220-17240 levels.
NSE:NIFTY
by RaviChandran_Rajkumar
Bank Nifty trade setup for 25 APR 2022Bank 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 support is found. We will initiate the trades based on the confirmation of support & resistance around these levels based on the indicator triggers.
NSE:BANKNIFTY
by RaviChandran_Rajkumar
Bank Nifty Trade Setup for 21 APR 2022Bank 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 Opening: In case of gap up opening above R1, then we can wait for support confirmation at R1 and can go long for higher targets. Any resistance from R1 we can expect BN to test CPR & bounce back. Gap down opening: In case of gap down opening below the CPR, wait for Bullish Reversal zone to provide support, if compromised we can expect PDL & lower targets.
NSE:BANKNIFTY
by RaviChandran_Rajkumar
Nifty Trade Setup for 21 APR 2022Nifty 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 Breakout Zone of 17250 as first Target & then trial for upper levels. Gap up Opening: In case of gap up opening or carrying BTST, expect first resistance around 17225-17250. A break out this zone we can look for long opportunity. Gap down opening: Any resistance at CPR & CPR low is compromised we can expect 17000 levels to be tested and Bearish Breakout compromised we can expect lower targets.
NSE:NIFTY
by RaviChandran_Rajkumar
Bank Nifty Trade Setup for 19 APR 2022Bank 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 go long on Bank Nifty with possible target of PDH. In case R1 & PDH is taken on the upside we can expect T1/T2 targets. Any break down of CPR levels we can expect more selling pressure to test out PDL and lower targets. 36400 is a strong support for BN which it sustained in the previous session, which is the key level to watch out in today session.
NSE:BANKNIFTY
by RaviChandran_Rajkumar
Nifty Trade Setup for 19 APR 2022Nifty 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 is compromised then we can expect Bullish Reversal zone & Bearish Breakout zone as the next supports to watch out. In case Bearish Break out getting compromised we can expect more selling pressure. Nifty has taken good monthly cpr support and likely to recover back.
NSE:NIFTY
by RaviChandran_Rajkumar
Bank Nifty Trade Setup for 18 APR 2022Bank Nifty Trade Setup for 18 APR 2022 Bank Nifty is bearishly aligned in the post-market alignment with Possible target prediction Bearish Target 1 & Target 2. Bank Nifty is expect to open with a gap down around 37100 to 37000 as of now. 37000 levels is a strong support Bank Nifty with also confluence with Virgin CPR Zone. In case BN finds support around these we can go a quick long scalp with a target of S1 / Bearish Reversal Zone of 37303 support. In case if S1 support sustains on upside we can expect PDC as next upper target . In case if Bearish Break out Target Zone is compromised and any resistance confirmed we can expect lower targets.
NSE:BANKNIFTY
by RaviChandran_Rajkumar
Bank Nifty Trade Setup for 16 MARCH 2022Bank Nifty too bounced back from key support of 34800 during the close and managed to close below the next day CPR levels. We have an inside CPR setup in BN where in we can expect some good movements tomorrow. As of now the global parameters are hinting a possible gap up opening in Bank Nifty around R1 resistance. If Previous day high is taken on the upside and sustains we can possibly look for long opportunity for higher targets. In case of R1 is compromised on lower side and resistance confirmed we can possibly short BN for CPR & previous day close. Any compromise of PDC we can expect lower targets.
NSE:BANKNIFTY
by RaviChandran_Rajkumar
Nifty Trade Setup for 16 MAR 2022Nifty found a support at PDL and bounced back during closing and managed to close on a bearish note below the next day CPR. Looking at the global parameters at this point of time, nifty is expected to have a gap up opening around Previous day high. Unless the PDH is sustained and support is confirmed going long is risky. In case Nifty opens above R1 resistance tomorrow and R1 is compromised and resistance confirmed we can trade for short till CPR & previous day closing price. Expect a volatile market as Dow Jones is on a raise and Chinese market has collapsed by almost 5%, so tomorrow trading will be interesting to watch out.
NSE:NIFTY
by RaviChandran_Rajkumar