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Bank Nifty Trade Plan for 16 DEC 2021This is 1 HR Bank nifty chart with weekly pivots.
Bank Nifty was trading inside the weekly CPR for last 2 trading sessions and was taking resistance around weekly TC.
In case of gap up opening and 37080 taken on upside and provides support we can expect higher targets 37300 & higher.
Nifty Trade Setup for 16 DEC 2021This is 1 HR chart of Nifty with weekly pivots. Weekly BC was giving good support for last 2 trading sessions and bouncing back from the same level. Now 17350 is key level to watch out if taken we can expect 17400 & 17500 levels.
In case of a gap up opening, these zones are where i will look for possible trade opportunity.
Bank Nifty Trade Plan for 14 DEC 2021Bank Nifty Trade Plan for 14 DEC 2021
Global markets are weaker.
Expecting a gap down opening in Bank Nifty.
In case Bank Nifty opening below the previous day low and confirms resistance then we can go short and sit for first target of 36600 & if virgin CPR of 8 DEC is taken out we can expect lower targets as marked can be tested.
Nifty Trade Plan for 14 DEC 2021Nifty Trade Plan for 14 DEC 2021
Global markets are weaker.
Expecting a gap down opening in Nifty.
In case Nifty opens below previous day low and comes for retest to Previous day low
and finds resistance then we can go short and sit for first target of 17270 ,
if S1 is compromised on lower side we can extend out next target to 17160.
Trade Plan for 13 DEC 2021Trade Plan for 13 DEC 2021
Expecting a gap up opening in Bank Nifty.
In case BN opens above R1 and sustains above 37263, then we can possibly go long and sit for Target1 - 37392. If 37400 taken out and sustains we can expect 37500.
Any resistance from PDH or 37265 we can expect BN to test PDH or CPR levels.
Nifty Trade Plan for 13 DEC 2021Nifty Trade Plan for 13 DEC 2021
Expecting a gap up opening Nifty.
In case Nifty opens above 17600 levels and if you get a chance to test R1 or Bullish Breakout zone of 17582 at opening and confirms a support,
then we can expect upper resistance targets 17670 & above.
In case 17680 taken out and sustains then we can expect 17820.
Any resistance from Breakout T1 & T2 at opening we can look for possible shorting opportunity and expect Nifty to test R1 & may be PDH.
Bank Nifty Trade Plan for 08 DEC 2021Expecting a gap up opening in case of Bank Nifty.
Since being RBI event, wait for post event and in case if BN pullback to Bearish Reversal zone or CPR then we can look out for long opportunity.
If Bullish Breakout zone is taken out we can expect higher targets as plotted on charts.
Nifty Trade Plan for 08 DEC 2021Expecting a gap up opening in Nifty.
In case Bullish Breakout is taken out on upside we can expect 17500.
Any pull back is a buying opportunity.
If you get nifty around Bearish Reversal zone or R1 and support confirmed we can go long.
Being RBI event , can expect good volatility hence trade safe.
Bank Nifty Trade Plan for 01 DEC 2021Bank Nifty Trade Plan for 01 DEC 2021
Bank Nifty looking weaker and closed below the next day CPR levels.
Any gap up opening or flat opening, we will look for possible opportunity to sell on CPR rejection or closing price getting compromised on lower side and sit for possible lower targets as plotted on the chart.
Expecting market to be in a range rather then much trending. BN looks to be sell on rise for tomorrow.
Bank Nifty Trade Plan for 18 NOV 2021Bank Nifty Trade Plan for 18 NOV 2021
Expecting Bank Nifty to open flat to small gap down today.
Bank Nifty good support is found around 37780 and can expect some reversal trade to CPR today.
If CPR taken out we can expect it test 38300.
Expecting Bank Nifty to be in a range bound today being expiry.
Nifty Trade Plan for 18 NOV 2021Nifty Trade Plan for 18 NOV 2021
Expecting Nifty to open flat to small gap down today.
Nifty had taken good support at previous virgin CPR levels,if that is compromised we can expect Nifty to test out 17800 levels once and find reversals from there.
In case if we find some support around 17800-17840 levels we can expect Nifty to again test out CPR levels so we can have a long opportunity.
In case of CPR taken on the upside, yesterday CPR will act as a resistance.
Expecting Nifty to be in a range bound today being expiry.
Bank Nifty Trade Setup for 09 Nov 2021Bank Nifty Trade Setup for 09 Nov 2021
Bank Nifty had managed to close above 39400 levels showing good strength.
In case BN open flat and pull back to CPR finds a support, we can go long with first possible target of 39600/39700.
In case of 39650 taken out and sustains we can expect possible next target possible targets as marked on charts.
We can expect some shorting opportunity only if 39234 is compromised and forms a resistance.
Nifty Trade Setup for 09 Nov 2021Nifty Trade Setup for 09 Nov 2021
Nifty gave a beautiful rally taking support from previous virgin CPR and looking strong.
In case if Nifty opens flat or gap up then any pull back to today closing price or Bullish Reversal zone of 18000 or 17970 is a buying opportunity and we can expect Nifty to test our first target of 18140 & if 18160 resistance is taken out we can expect 18230 & 18300 levels.
Unless the previous CPR is not compromised its not safe to go short in Nifty.
Bank Nifty Trade Plan for 02 NOV 2021Bank Nifty Trade Plan for 02 NOV 2021
Expect a possible gap up opening in Bank Nifty.
40050 is a first resistance to watch out in case of gap up opening.
If that is taken out taken out the next resistance is the breakout zone of 40172, if that is taken on upside we can expect 40400/40500 levels.
Any pull back to closing price or CPR on opening is a buying opportunity today.
Nifty Trade Plan for 02 NOV 2021Nifty Trade Plan for 02 NOV 2021
Expect a possible gap up opening in Nifty.
18030 is the first resistance to watch out and then 18071 is the Breakout zone for Nifty if that is taken out then we can expect 18200 levels to be tested.
In case of gap up opening and retest to 18000 or to yesterday's closing price is again a buying opportunity.
17860 is a strong support for Nifty on the lower side where we can expect a reversal.
Bank Nifty Trade Plan for 01 NOV 2021Bank Nifty Trade Plan for 01 NOV 2021
A very narrow CPR in Bank NIfty, do expect a good move today or tomorrow.
If Bank Nifty finds a good support and sustains above 39405 levels we can expect it to test 39930 target. If that is taken on upside we can expect possible Target 1 & higher.
If 38744 compromised we can possible short Bank Nifty and sit for targets of 38373 & lower as identified.
Nifty Trade Plan for 01 NOV 2021Nifty Trade Plan for 01 NOV 2021
Nifty likely to have a small gap up opening.
The first Key resistance to watch out is 17755, it that support holds good we can expect to retest 17858.
If 17858 is taken on upside we can expect possible retest of Previous Virgin CPR levels of 17940 levels.
On the lower side, in case if 17588 is compromised then we can possibly look for shorting opportunity with first
target being 17505 and then if that is compromised then we can expect lower targets as marked on charts.