Bank Nifty Intraday & Expiry Day Trade Setup for 28th may 2020

Good Morning all,

We had seen an awesome move in Yesterday Trading session because for the rumor that Government is going to announce 1.5 lac crore relief package for Banking sectors. Well time will be tell that this news is a rumor or a real news. Nut one this is confirmed that yesterday really was based on sentiment not on the technical analysis. Bounce is accepted from the support but not kind of this. Now questions is what will be happen on today trading session. let's start

Technical View
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I do not trust on yesterday run also Index is trading on their resistance zone. Might be we see a sideways move in today trading session.

Resistance : Bank Nifty Intraday Resistance zone is 18,800 to 19,000/
Support : Intraday support is on 18,100 to 18,200

Trade setup
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Long Position can build above on resistance which is 19,000
Short Position can build lower then 18,400

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