Chethan333

BNF monthly expiry analysis

NSE:BANKNIFTY   Nifty Bank Index
Banknifty complete short covering move today. from 44200 to 44650.BNF is respecting the lower trend line and it closed above the trend line.BNF is stuck in the range of 44500 to 45000.any close below or above the price can expect the directional movement.

Tomorrow is monthly expiry.by observing today move we can expect the directional move on upside.range will be 44444 to 44850.monthly expiry movement is unpredictable.

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