BankNifty Expiry Trade Setup | 2nd June

1 Jun 2022

BankNifty opened with a small gap-down 35400 and after making a low near 35340 we saw a good bounce in BankNifty towards 35720 zones. BankNifty again faced resistance at higher levels and it came towards the 35300 level, but this provided support and we saw a more than 400 points steep rise in the last 30 - 40 mins.

Tomorrow if BankNifty sustains below 35200, we can expect a further downmove.

Expectations for Tomorrow: Range-bound day, Volatality after 12:50 PM.

Intraday Levels:
Buy Above 35800
Sell Below 35200

To motivate me, Please like the idea If you agree with the analysis.

Happy Trading!

2 Jun 2022

Catatan

No Trade as per set-up.