Bank Nifty Trade setup for 24 Aug 2021
Long Opportunity:
If Bank nifty opens flat and takes support at CPR, we can look for possible long opportunity with first resistance at 35225 and 35292.
If 35292 is taken on the upside we can expect previous session high & may be Virgin CPR levels.
In case CPR is compromised on opening we can expect the support at Bullish reversal zone wherein we can again look for long opportunity.
Short Opportunity :
If bullish reversal zone is compromised we can expect previous session low to be tested.
If Bank nifty opens flat and takes support at CPR, we can look for possible long opportunity with first resistance at 35225 and 35292.
If 35292 is taken on the upside we can expect previous session high & may be Virgin CPR levels.
In case CPR is compromised on opening we can expect the support at Bullish reversal zone wherein we can again look for long opportunity.
Short Opportunity :
If bullish reversal zone is compromised we can expect previous session low to be tested.