Bank Nifty Expiry Day Analysis - 21st Feb BankNifty Expiry
I have a bullish Bias in Bank Nifty for today's expiry and expect a pullback and a further move up into the 48000
We have been below this 48K level since that HDFC fall
We also have a huge gap which is yet to be filled
So today and the next two days are a great opportunity to fill those gaps
I use ICT concepts to trade and my analysis is also based on that as well.
I look into OI data as an additional confluence for Indian Indices as I trade options.
We have an immediate resistance around 47200-300 levels
If broken we can see a move up to 47500-47800-48000 respectively (obviously not all on the same day)
Everything may go south if the 46700 levels are broken then we bleed!
Happy trading!
All praise to God!
We have been below this 48K level since that HDFC fall
We also have a huge gap which is yet to be filled
So today and the next two days are a great opportunity to fill those gaps
I use ICT concepts to trade and my analysis is also based on that as well.
I look into OI data as an additional confluence for Indian Indices as I trade options.
We have an immediate resistance around 47200-300 levels
If broken we can see a move up to 47500-47800-48000 respectively (obviously not all on the same day)
Everything may go south if the 46700 levels are broken then we bleed!
Happy trading!
All praise to God!