BANK NIFTY - 29 APR 2021 - EXPIRY SPECIAL - INTRADAY PLANBANK NIFTY - 29 APR 2021 - EXPIRY SPECIAL - INTRADAY PLAN
Bank Nifty has been consistently moving up from past 3 days. People have gone long on Bank Nifty with high option premiums on the call side.
Big Money might take the market up to 34000 & then take a drop to 33200 & stay volatile throughout the day to eat premiums.
Intradaytrading
NIFTY BANK - 28 APR 2021 - INTRADAY PLANNIFTY BANK - 28 APR 2021 - INTRADAY PLAN
Nifty bank looks positive after last 2 days sessions. The targets on short and long are based on Fib levels on the chart.
Trading above 50 D EMA, RSI above 60 are good to take entry for quick profit bookings and going long.
Global markets are neutral , so possible that BanKNifty will continue atleast in first half its move upward
Bank NIfty Intraday index chart 28th april 2021Bank NIfty CMP 32735
Upper side
if it breaks 32800
First target - 33000 (easily break 33000 small resistance)
Second target - 33250
Lower side
if it breaks 32600
First target - 32400
Second target- 32150 (Strong Support)if it breaks
Last and Final target - 31900/31800