RaviChandran_Rajkumar

Bank Nifty Trade Plan for 10 June 2021 - Expiry Day trade setup

NSE:BANKNIFTY   NIFTY BANK
Bank Nifty Trade Plan for 10 June 2021

How chart looks on HTF :
Bank Nifty formed a bearish candle on daily time frame and manage to take support at previous support of 34600 levels.

Expected Opening :
Expecting a flattish opening in Bank Nifty

Today's Trade Setup :

Bank Nifty is weak compared to Nifty and expecting a flattish open.

If opening range of 34800 sustains on opening then we can expect Bank Nifty to test out the previous weekly resistance of 34930 and next crucial resistance of 35066.

If any rejection from 35066 we can expect it to again test the lower supports of 34800 & 34640 & lower.

Expect Range for Bank Nifty is 35066 to 34400

Being expiry market to be very choppy and look out for premium decay, watch out for your entry timings.

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