Bank Nifty Trade Setup for 30 MAY 2022
Bank Nifty Trade Setup for 30 MAY 2022
Expecting a gap up opening in Bank Nifty around Bullish Breakout zone.
Any resistance around the opening high we can expect Nifty to test R1 / Bearish Reversal Zone once and then find a new support to bounce on the upside targets.
In case Bullish Break out is taken out on the upside we can expect Nifty to test T2 targets today & higher.
In case Bearish Reversal is compromised on the lower side we can expect Nifty to test out CPR & find support at CPR before any bounce back to upside.
Expecting a gap up opening in Bank Nifty around Bullish Breakout zone.
Any resistance around the opening high we can expect Nifty to test R1 / Bearish Reversal Zone once and then find a new support to bounce on the upside targets.
In case Bullish Break out is taken out on the upside we can expect Nifty to test T2 targets today & higher.
In case Bearish Reversal is compromised on the lower side we can expect Nifty to test out CPR & find support at CPR before any bounce back to upside.