Banknifty Levels 18th May 2023

May 17, 2023

Data suggests a Sideways Market for 18th. So would be looking to short incase I find a rejection with confirmation at any of the resistance levels shown. The opening of the trade would suggest the course of action. 43450---43500 is a strong support and a break of that may give a good downward movement. Need to keep a watch on any addition in put or call writing during the course of the day. Accordingly one can make a strategy to play out this expiry.

May 18, 2023

Note

The resistance and support worked perfectly. Plan of looking for a rejection from resistance worked out well