BankNifty View 21 Sep 2021

Bank Nifty risen today after a good correction making a hammer ( open and close almost same, if high=open=close then it would have made a nice dragon fly doji )

Now closing is almost at the resistance, so there are 3 cases as follows :

Case 1 : If opens flat, makes a bearish candle on 15 mins,
then sell on any small pullback if u get is my view.

Case 2 : If opens Gap up, sustains the gap, then buy any small dip if u get. if gap doesn't sustain, wait for price action, market may become volatile.

Case 3 : If opens Gap down, then wait for bullish price action (hammer, bullish engulf/harami) at Fibonacci levels, for upside trade but if crosses below 36525, then bearish view

Plan your trade. Trade your Plan.

Happy Trading !!!