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Nifty Expiry day Trade Plan for 23 Sep 2021Nifty expected to open gap up. Being narrow cpr we can expect some good moves today. The first resistance to watch out would be 17660 levels, if that is taken out on the upside we can expect higher targets. Any resistance around these we can expect to test Bullish breakout zones. Today being expiry we can expect moves on either side. If Bullish Break Out zone of 17594 getting compromised the we can expect Nifty to be back in range and might test yesterday lows.
NSE:NIFTY
by RaviChandran_Rajkumar
Nifty Trade Setup for 22 Sep 2021Nifty recovered well after testing the previous demand zone and managed to close above the next day CPR levels. In case nifty opens flat and tests the CPR, the bullish Reversal zone of 17493 should act as a good support and can again test the previous day close and if that is taken out we can again expect to test 17631 & higher levels. Any rejection around 17631 again , we can again expect Nifty to be in yesterday's range and can test the Bearish Break out zone of 17423 & lower.
NSE:NIFTY
by RaviChandran_Rajkumar
Bank Nifty Trade Setup for 22 Sep 2021Bank Nifty recovered very well in todays session and managed to close above the next day CPR. A reversal setup in case of BN, CPR should act as a possible support tomorrow and we can see that 37011 is a bullish reversal zone. Any good support around these on opening we can expect BN to test out Bearish Reversal zone 37460 & Breakout zone of 37684. If Bullish Break out is taken out we can expect T1 & T2. In case BN opens flat and CPR is compromised we can expect BN to test 36788 & that compromised we can expect lower T1 & T2 levels to be tested.
NSE:BANKNIFTY
by RaviChandran_Rajkumar
Nifty Trade Plan for 21 Sep 2021Nifty likely to open flat to small gap up. Nifty closed on bearish note and the global parameters still showing some selling pressure. Nifty is at decent support and CPR should act as a strong resistance for Nifty. watch out for 17468 as a good resistance and any resistance confirmed around these is again a selling opportunity in nifty today. In case of Bullish Reversal zone of 17325 compromised we can expect possible 17250 levels and lower.
NSE:NIFTY
by RaviChandran_Rajkumar
2
Nifty Trade Plan for 17 Sep 2021Nifty expected to open gap up. Nifty likely to open around 17670 levels If this Bearish Reversal zone is taken out on opening we can expect the first resistance around 17703 levels. In case if this bullish Breakout zone of 17703 holds good and sustains we can expect possible Target 1 & Target 2 today. In case if 17670 gives some resistance then we can expect nifty to come and test the CPR levels, Any support getting confirmed around 17600 levels is again a buying opportunity today.
NSE:NIFTY
by RaviChandran_Rajkumar
Nifty Trade Setup for 15 Sep 2021Nifty Likely to open flat to small gap up. Global markets having slight selling pressures. Nifty first resistance to watch out will be 17400-17420 levels. Once if 17420 sustains and taken on the upside we can expect to test out Target 1 / Target 2 & higher. Any rejection at these zones we can expect Nifty to test lower supports. If CPR acts as resistance then we can expect Nifty to test 17360 and if that is compromised we can also test lower Target 1 & Target 2.
NSE:NIFTY
by RaviChandran_Rajkumar
Bank Nifty Trade Setup for 13 Sep 2021Bank Nifty expected to open flat. Narrow CPR in Bank nifty expecting some volatality. Last 2 trading sessions were very much range bound. The previous session closing is below the current day CPR and hence the current CPR should act as possible resistance. The first immediate resistance is 36763 and if that is taken out we can expect 36843 to be tested out. Any compromise of 36603 we can expect BN to test out 36526 & lower target 1 & 2 of 36400 levels.
NSE:BANKNIFTY
by RaviChandran_Rajkumar
Bank Nifty Trade Setup for 09 Sep 2021Expecting a flat to small gap up opening in case of Bank Nifty. Bank nifty traded pretty bullish the yesterday session and closed above next day CPR. In case of Bearish Reversal zone of 36895 is taken on the opening and find support we can expect Banknifty to again test out Bullish Breakout zone of 37022 & Target 1 & Target 2. In case if the open is flat and Previous day high is giving resistance we can expect it test Bullish Reversal zone of 36641. Any good support at 36641 we can again expect BN to go and test the Bearish Reversal zone and higher. Unless Bearish Breakout zone of 36513 is compromised on lower side no shorting opportunities.
NSE:BANKNIFTY
by RaviChandran_Rajkumar
Nifty Trade Plan for 09 Sep 2021Expecting a flat opening in case of Nifty. Nifty recovered well after testing that 11250 levels on closing and managed to close above next day CPR. Today's CPR should act as a good support on flat opening and 17390 & 17430 should act as a strong resistance on upside. In case if 17430 taken on upside we can again see Nifty rallying on the upside. In case if CPR low of 17318 compromised early during the day and also Previous day low compromised then we can expect possible lower Target 1 & Target 2 & Ex-Targets as identified by the indicator.
NSE:NIFTY
by RaviChandran_Rajkumar