Mellow-Trader

Bank Nifty Analysis for 13th & 14th Expiry Special

Short
Mellow-Trader Updated   
NSE:BANKNIFTY   Nifty Bank Index
I have a bearish bias in Bank Nifty on a daily and a weekly timeframe purely based on the available liquidity pools on the sell side. Again this is purely based on price action and technical analysis using some ICT concepts. Fundamentals of underlying stocks, news and other factors may always override the technical analysis.
Let's see what happens!

#BankNifty #Index #Nifty
Comment:
On the 13th Bank Nifty filled all the imbalance moves and tapped the PDH. I still have a bearish bias for the expiry. Testing 44600 >> 44400 is possible in the coming days if the price doesn't break today's high. Let's see.
Daily Bias being Bearish doesn't mean we won't have long opportunities.
Comment:
Price bounced off from 44600 onwards. My Bias proved to be faulty. Will see what happens next week!
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