Postmortem on #BankNifty — 01 SEP 2022 — Weekly Expiry

Eventhough bank nifty respected the support & resistance level today, the price action was really abnormal. BN opened mega gap down at 38806 rallied through the resistance line, made a top at 39667 above the swing high of yesterday. At 10.30 the market felt like crashing — but it did not. There was a gradual decline to…