subhagghosh

Expiry Special Analysis for 20th Aug'2020.

NSE:BANKNIFTY   NIFTY BANK
#banknifty OI up by 9.03 % and price up by 0.52% % shows neutral setup and ended the day with Doji setup.

Nothing much has changed today, it's an option sellers day.

bank nifty was able to defend the trendline breakout whole day with low volume until we have followup buying higher side targets are tough.

The trend is positive, trend changes below 21,909.

Tough Resistance 22,346- 22,477

Decision Zone is marked in yellow, below negative & above positive.

I won't be selling untill 22,211 is broken, SL 22,477, T 22,031 / 21,905 /21,778 /21,622.

Long is only above 22,477 SL is 22,211 T 22,550 /22,650 / 22,750.

Note:- We will only sell if the trendline is broken and this will confirm breakout failure.

Else will ride the trend if it continues.

Trade what you see not what you feel, follow it and you will feel the x-factor.