Nifty Bank Index

Bank Nifty Trade Setup for 05 JULY 2022

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Bank Nifty Trade Setup for 05 JULY 2022

Bank Nifty expected to open flat to small gap down opening.

Bank Nifty is bullishly aligned for the day and we have a strong support at Bullish Reversal Zone/ Expecting the market to be trading in a previous session range if PDH is not taken on the upside.

Buy Opportunity :
We have Buyers seated around Bullish Reversal Zone & at S1 Supports today. In case of any support confirmation around these levels we can expect Bank Nifty to rally to test sellers presence at PDH & Bearish Reversal Zone.
Any Breakout of R1 we can expect Higher targets as indicated by the indicator.

Sell Opportunity :
We have sellers presence around PDH & Bearish Reversal today and any rejection from these zones we can expect a pull back to PDH & then Bullish reversal respectively.

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