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View for Wednesday(expiry)

Fii covered shorts from index future and created Longs in index ce and index pe

Clients Booked Longs from index future and created shorts in index ce and index pe

Pros covered shorts from Index future and created shorts in index pe, NO major change in index ce data

Data Suggesting sideways to bullish expiry.

#NIFTY50 nearby support at 16910 below 16910 nifty will try to touch 16860-16870

No Longs below 16860

Nearby resistance at 16990 above 16990 nifty will try to touch 17020-17040

No Shorting above 17040

#NIFTYBANK nearby support at 39450-39510 below 39450 Banknifty will try to touch 39270

No Longs below 39270

Nearby resistance at 39690-39760 above 39760 Banknifty will try to touch 39870

No Shorting above 39870

Banknifty made inside bar in daily chart and banknifty had already made inside bar in weekly chart so movement in banknifty will only come after breakout above or below previous day high or low.

Trend decider range 39450-39510