Bank Nifty : 06th May View - Bull Run on Expiry ?
BNF has made double bottom from the support zones of 32K.
Today it broke the Trendline after multiple attempts and has given closing above Trendline only.
If BNF opens above the same Trendline on 06th May then it looks all set to reach 33300-33400 levels tomorrow.
In coming days if BNF sustains 33000-33300 levels then it can continue its journey towards 34K else it can fall back again to 32700-32500 levels
P.S. Moves on expiry can be very volatile so please trade with proper R:R
Today it broke the Trendline after multiple attempts and has given closing above Trendline only.
If BNF opens above the same Trendline on 06th May then it looks all set to reach 33300-33400 levels tomorrow.
In coming days if BNF sustains 33000-33300 levels then it can continue its journey towards 34K else it can fall back again to 32700-32500 levels
P.S. Moves on expiry can be very volatile so please trade with proper R:R
Trade closed: target reached:
Finally made a high of 3259 today