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

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Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.


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