Bank Nifty Weekly Analysis for 27 JUN to 01 JUL 2022
Bank Nifty Weekly Analysis for 27 JUN - 01 JUL 2022
Bank Nifty is bullishly aligned for the week.
First day of the week, we are expecting a gap up opening in bank Nifty around Bearish Reversal to R1 Resistance level (34100).
Buying Opportunity :
In case if R1 is taken on the upside and sustains we can expect Bank Nifty test out possible Target 1 & Target 2 for the week.
During the week in case we find Bank around CPR levels again , we can again look for Buying opportunity.
Selling Opportunity :
34100 level is the key level to watch out, any resistance at R1 or Bearish Reversal Zone getting compromised we can look for shorting opportunity till Weekly CPR.
In case if BN takes out R1 & tests out Target 1 & Target 2 and resistance confirmation at T1/T2 is formed we can short with tight SL and sit for target of Weekly R1.
Bank Nifty is bullishly aligned for the week.
First day of the week, we are expecting a gap up opening in bank Nifty around Bearish Reversal to R1 Resistance level (34100).
Buying Opportunity :
In case if R1 is taken on the upside and sustains we can expect Bank Nifty test out possible Target 1 & Target 2 for the week.
During the week in case we find Bank around CPR levels again , we can again look for Buying opportunity.
Selling Opportunity :
34100 level is the key level to watch out, any resistance at R1 or Bearish Reversal Zone getting compromised we can look for shorting opportunity till Weekly CPR.
In case if BN takes out R1 & tests out Target 1 & Target 2 and resistance confirmation at T1/T2 is formed we can short with tight SL and sit for target of Weekly R1.
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