As there is a falling wedge pattern at 5 min timeframe and also the 15 min is consolidated within EMA bound so OI is positive for the CE today. Hence a clear indication of market gap Up open and Bullish run Tommarow.
As we have seen today Bank Nifty really tried to break its level at 30875 but couldn't break it so from before COVID also 30875 has been important support resistance and support level. So since the banking sector is weak today and news of HDFC bank and other news combined hints toward the short position in bank nifty.
As we can see 13400 is acting as a crucial support point after the breakout and all-time high and since then the market has been consolidating in the parallel pattern and since the volume is not much at the point of closing and 13600 will be a new milestone that market news and conditions don't yet favour so it's safe to say it has an 80% chance of moving in that...
As we can clearly see the two bearish reversal and almost a breakdown on 21 there is a great chance of nifty bouncing in levels between 11600-11900. Today as there was weekly expiry so tomorrow more pressure on futures.
We can clearly see a great support level at 130. despite some nominal resistance at 137, with strong fundamentals and trade average of 132. It is expected to make a reversal in current trend and reach the level of 137 this week. The average buying levels should be between 130-132 and targets can be at 136-140.