Bank Nifty Trade Setup for 21 APR 2022
Bank Nifty Trade Setup for 21 APR 2022
Bank Nifty forming a perfect inside candle trading between the yesterday range.
A very narrow CPR for tomorrow and can expect a break out.
Flat Opening:
In case of flat opening and in the first few minutes if CPR provides support we can expect BN to test R1. If R1 is taken out we can expect T1/T2 targets & higher.
Gap up Opening:
In case of gap up opening above R1, then we can wait for support confirmation at R1 and can go long for higher targets.
Any resistance from R1 we can expect BN to test CPR & bounce back.
Gap down opening:
In case of gap down opening below the CPR, wait for Bullish Reversal zone to provide support, if compromised we can expect PDL & lower targets.
Bank Nifty forming a perfect inside candle trading between the yesterday range.
A very narrow CPR for tomorrow and can expect a break out.
Flat Opening:
In case of flat opening and in the first few minutes if CPR provides support we can expect BN to test R1. If R1 is taken out we can expect T1/T2 targets & higher.
Gap up Opening:
In case of gap up opening above R1, then we can wait for support confirmation at R1 and can go long for higher targets.
Any resistance from R1 we can expect BN to test CPR & bounce back.
Gap down opening:
In case of gap down opening below the CPR, wait for Bullish Reversal zone to provide support, if compromised we can expect PDL & lower targets.