Bank Nifty is expected to open around Bearish Reversal Zone with Bullish alignment.
Long Opportunity : In case if it sustains above Bearish Reversal zone & provides opportunity to enter long we can expect R1 & Bullish Break out as the first target. In case Bullish Break out sustains we can expect Target 1 / Target 2 on upside today.
Short Opportunity : In case Bullish BO provides resistance and R1 is compromised or R1 provides a resistance trigger we can expect Bank Nifty to again test Bullish Reversal Zone & then lower levels can be tested.