Bank Nifty Trade Setup for 19 APR 2022
Bank 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.
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.