Bank Expiry Trade Setup | 28th May 2021
As analyzed we saw a high volatility expiry session today. BankNifty Opened with a gap up and lost all its gain in the first 10-15 mins, it again took support from 34500 zones which gave a good bounce. We tried to Buy CE in the morning which gave good profit, PE also gave around 30% profit.
In the last hour, we tried with PE which didn't work. Overall a good day.
The trend is up but the range is narrowing down, we are expecting a wider range with great opportunities next week.
Expectations for Tomorrow: Trending day.
Resistance: 35367
Support: 34676
Intraday Levels:
Buy Above 35200
Sell Below 34900
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
In the last hour, we tried with PE which didn't work. Overall a good day.
The trend is up but the range is narrowing down, we are expecting a wider range with great opportunities next week.
Expectations for Tomorrow: Trending day.
Resistance: 35367
Support: 34676
Intraday Levels:
Buy Above 35200
Sell Below 34900
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
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