Bank Nifty Trade Setup for 05 JULY 2022
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.
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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