#BN can expect little Gap up or sideways Open tomorrow. Being an expiry would expect sideways move and volatile move. Post noon We can expect big move either side as it trades within symmetrical triangle pattern. We can take up the trade based on the breakout and re-test.
The important levels are automatically plotted in the chart with trend line..
BANK NIFTY - On Thursday Expiry everyone was expecting down trend but due to Global Cues, Reliance and Nifty Support BN made new all time high with almost 500 Points up in 2 Hrs.. Whoever exited the PE positions when BO happened on the upper side and entered long at 1:30 pm made very good profits.
For Monday the Banknifty expectation is,
Gap up open (or) Side...
Excepting Gap Up Open on Bank Nifty around 150 Points, Key resistance would be Todays high and it may be volatile market during first half. Second half we can expect some profit booking and it can touch 38400 levels during expiry.
Tomorrows CPR is very narrow look like thin line with trend reversal signal. You can also see the Tomorrow CPR and Pivot levels.