Bank Nifty Trade Setup for 5 MAR 2022
BN Nifty is opening flat and first resistance to watch out is PDH.
If BN confirms some resistance around PDH or Bearish Reversal zone, we can possibly expect BN to come to test Bullish Reversal zone which should act as a strong support.
In case of support confirmed at Bullish reversal we can look for long opportunity.
In case CPR is compromised we can expect 38000 to be tested.
If BN confirms some resistance around PDH or Bearish Reversal zone, we can possibly expect BN to come to test Bullish Reversal zone which should act as a strong support.
In case of support confirmed at Bullish reversal we can look for long opportunity.
In case CPR is compromised we can expect 38000 to be tested.