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.
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Penafian
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Subscribe the indicator at igcyh.courses.store/
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.