Bank Nifty Trade Setup for 09 Sep 2021
Expecting a flat to small gap up opening in case of Bank Nifty.
Bank nifty traded pretty bullish the yesterday session and closed above next day CPR.
In case of Bearish Reversal zone of 36895 is taken on the opening and find support we can expect Banknifty to again test out Bullish Breakout zone of 37022 & Target 1 & Target 2.
In case if the open is flat and Previous day high is giving resistance we can expect it test Bullish Reversal zone of 36641.
Any good support at 36641 we can again expect BN to go and test the Bearish Reversal zone and higher.
Unless Bearish Breakout zone of 36513 is compromised on lower side no shorting opportunities.
Bank nifty traded pretty bullish the yesterday session and closed above next day CPR.
In case of Bearish Reversal zone of 36895 is taken on the opening and find support we can expect Banknifty to again test out Bullish Breakout zone of 37022 & Target 1 & Target 2.
In case if the open is flat and Previous day high is giving resistance we can expect it test Bullish Reversal zone of 36641.
Any good support at 36641 we can again expect BN to go and test the Bearish Reversal zone and higher.
Unless Bearish Breakout zone of 36513 is compromised on lower side no shorting opportunities.