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RaviChandran_Rajkumar

Bank Nifty Trade Plan for 16 June 2021

Nifty Bank Index (NSE:BANKNIFTY)  
RaviChandran_Rajkumar  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns Technical Indicators tradershedge BANKNIFTY bankniftytrend bankniftytradesetup bankniftytrading bankniftyanalysis bankniftyview
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Bank Nifty Trade Plan for 16 June 2021

Today's Trade Setup :

Global clues looks little weak.

Expected Bank Nifty to open slightly gap down.

If Bank Nifty opens gap down, then 35134 & 35040 is the key support and immediate resistance is 35212.

If Bank Nifty finds some support around 35040 it might test out 35212.

If 35040 is taken out it might go to test the virgin CPR zone around 34860 levels.

On the upside previous session high will be the target if 35212 is taken out.
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