Expecting Nifty to open flat. If CPR sustains on opening and finds support we can expect it to test 16300 & it taken out we can expect 16336 & higher targets. In case of going short i would be wait for 16220 to be taken out.
Bank Nifty expected to open flat to small gap down. In case of any rejection from CPR we can go short for possible target of 35704. 35600 is a strong support if compromised we can expect Target1 & Target 2. A close above 35920 we can expect to long and sit for 36000 and above targets.
Nifty expected to open flat to gap down. If 16207 is compromised then we can expect to test the breakout zone of 16175. If 16175 compromised we can sit for lower targets 1 & 2. Go long in case any closing above 16300 only.
Bank Nifty trade setup for 06 Aug 2021 Bank Nifty looking slightly bearish If 35960 founds a support we can go long and sit for breakout 36084 and if that is sustained we can expect Target 1 & Target2. If 35710 gets compromised we can expect BN to test out lower targets and even Previous virgin CPR levels can also be tested out.
Nifty Trade setup for 06 Aug 2021 Expect a flattish to small gap up opening in Nifty. In case the CPR or Bullish reversal zones holds good on opening we can expect Nifty to test our Bearish reversal zone of 16332 & if that is taken out we can expect 16371 & higher. If Bearish breakout below 16218 we can expect the lower targets and the gap might be filled out.
Global markets looks bullish and expecting a gap up opening in bank nify. Watch out for bearish reversal zone which is our first resistance on gapup opening and it that is taken we can sit for higher 🎯.
Global markets looks bullish. Gap up expected. Nifty expected to open around bearish reversl zone and if support confirmed around it we can expect Bullish Break out and Target1 and Target 2.
In case Bank Nifty takes out 34860 then we can expect some good move. If BN opens flat then watch out for support around around CPR and then possible look for some long opportunity. Break out trade is safest bet in BN today.
As per our indicator analysis we are bullish today. In case the market opens flat and you find a good support around 15869 levels we can go long and sit for higher targets. In case the markets opens gap up , go long once 15900 is taken on upside and we can sit for T1 & T2 and fresh highs.
Bank Nifty likely to open flat and if takes out 34613 on the lower side we can expect it to test out previous session low and we can expect some reversal from there. In case if that is compromised we can expect it to test weekly support around 34400. If case if 34613 provides some support then we can again expect Bank Nifty to test out 34850 & higher levels.
Nifty likely to open flat to small gap down. If 17756 is compromised and then we can expect it test our BO Target 1 & 2 and even yesterday's virgin CPR likely to be tested out. In case if it finds some support around those monthly support of 15720 then we can again expect Nifty to bounce back from there .
Nifty trade plan for 29 July 2021 Watch out for 15780,if support confirmed go long and sit for 15850 & higher. If 15640 compromised then look for PE opportunities.
34930 looks to be a strong resistance and close above that e can expect to test 35057 again. Resistance at 34927 we can expect it test previous closing and 34667. If 34667 taken out we can expect good move to 34400 levels
15796 likely to face good resistance if Nifty opens slightly gap up. If that is taken out on up side may be we can goo for possible CE. If CPR gives strong resistance then and the closing price is also compromised we can expect it to test 15696 and if that is taken out we can expect 15647.
Bank Nifty trade setup for 27 July 2021
Nifty trade setup for 27 July 2021
Bank we can expect Gap down opening. If Bank nifty sustains previous day low then we can expect some CE positions. If 34338 is compromised then we can expect lower support what we identified.
Nifty expected gap down opening around 15750 levels. Key levels to watch out 15783, any good resistance confirmed around these we can expect nifty to fill the gap to 15660 levels. Will prefer to go long only if 15785 is formed a good support.