BankNifty 12/05/2021 Expiry Special

Hello Everyone,

Hope you all are fit and fine ... Stay Safe and Trade safe...!

Tomorrow is expiry for the week as Thursday is a Holiday..!

BankNifty to Open Gap Down ...!

Resistance Level :
1. 32900 to 33000 is Strong level of Resistance, of which 33000 is strong level.
2. 33500 is other strongest Resistance level , there is decent resistance level developing from 33250 to 33500.

Support Level :
1. 32800 is next Support level .
2. If there is huge Gap Down and 32800 to 32700 level is broken then, 32500 is Strong Support level below.

Sideways Possibility :
Considering the Resistance at 33000 and Support at 32500, more chances of sideways market can be seen.
Premium eating day .. Call buyers just be careful.

Note : Don't take a trade for first 15 min, let the market make the move and then trade. For Scalpers no suggestion.

I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis and do share with your friends as well.

Comment:

Just forgot to mention the TrendLine and see how market is respecting the TrendLine.
Hope those who are following me might have noticed this and traded accordingly.

Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis and do share with your friends as well.