Bank Nifty Weekly Expiry day analysis for 30th April 2020

Good Morning Everyone,

Bank nifty is much stronger then nifty because the rally of HDFC bank. it will be continue today? Well we are tech analyst and we trade on confirmations. Yesterday we have made a handsome profit in Intraday.


Resistance, support and technical view
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Nifty Major Resistance area is 22060 and it's come with our harmonic pattern and support is sit on 19100...

Intraday Trade setup
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Buy : Yesterday high is most of Important for us and we need to build a long position if index sustain above on it . Level is 21400

Short : Open a short position if Index break 20400

Note : We might be see a gap up Opening so use a simple strategy mark 15 minute candle high and low and setup your long short according on it

Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take the different view and opinions.

Good Luck and Happy Trading
Virendra Pandey