Today's review
Due to global clues banknifty open gap up and after whole day consolidation in the last hour gave breakout above 35000 and made high of 35112.
What to do on expiry
As you can see in the chart banknifty is trading within a channel.
Flat opening (Within 100 to 150 point) will be good for initiate buying.
We can see 35330 and 35560 level on expiry.
On the flip side banknifty have to trade below 34700 for down trend and we can see 37500 level followed by 37220.
Due to global clues banknifty open gap up and after whole day consolidation in the last hour gave breakout above 35000 and made high of 35112.
What to do on expiry
As you can see in the chart banknifty is trading within a channel.
Flat opening (Within 100 to 150 point) will be good for initiate buying.
We can see 35330 and 35560 level on expiry.
On the flip side banknifty have to trade below 34700 for down trend and we can see 37500 level followed by 37220.