After a gap up opening in Nifty found some selling pressure at the close.
Key support level to watch out is 16500 level for next trading session.
Even though the CPR is bullishly aligned for the next trading session the closing sentiment is weak.
Tomorrow if Nifty opens flat to small gap down, then CPR & Bearish reversal should act as a strong resistance, In case if PDL & S1 is getting compromised we can expect the Previous day gap to be filled.
In case if Nifty opens with in yesterday range & sustains above CPR then we can expect Nifty to again test out PDH & be in a range bound.
Bank Nifty Trade Plan for 21 JULY 2022 - Expiry day
After a gap up opening in Bank Nifty found some selling pressure at the close.
Key support level to watch out is 36000 level for next trading session.
Even though the CPR is bullishly aligned for the next trading session the closing sentiment is weak.
Tomorrow if Bank Nifty opens flat to small gap down, then CPR & Bearish reversal should act as a strong resistance, In case if PDL & S1 is getting compromised we can expect the Previous day gap to be filled.
In case if Bank Nifty opens with in yesterday range & sustains above CPR then we can expect Bank Nifty to again test out PDH & be in a range bound.