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Bank Nifty Trade Plan for 13 JAN 2022Bank Nifty Trade Plan for 13 JAN 2022 Bank Nifty bullish streak is still on, expect a gap up opening around 38900-39000 levels. After a gap up opening, need to wait for the price action in first 15 min before initiating any trade. Unless it sustains above 39k no long opportunity. 39000/39100 are key resistances to watch out , any resistance around those we can possibly short and can expect 38850/38800. A very narrow CPR in Bank Nifty today.
NSE:BANKNIFTY
by RaviChandran_Rajkumar
Bank Nifty Trade Plan for 04 JAN 2022Bank Nifty Trade Plan for 04 JAN 2022 After a good rally can expect some profit booking today. Expecting a flat to small gap up opening. Expected Range: Downside - 36000 Upside - 37000 Very wide CPR, can expect to be in a range. Any pull back to Bullish Reversal zone(36150) is a buying opportunity in Bank Nifty and expect above targets. On opening if the Previous day high is sustained and support confirmed we can possibly go long with targets as plotted on the chart with Previous day close as SL. In case previous day close is compromised then we can expect BN to test out Bullish reversal zone and once support confirmed we can buy at these levels.
NSE:BANKNIFTY
by RaviChandran_Rajkumar