Banknifty managed to closed above 38000. we have seen some profit book in last 2 trading sessions.
Despite HDFC bank good nods banknifty didn't fly higher.
We can expect a sharp up move above 38550.
Trading setup for expiry
BUy banknifty avoe 38230
Target 38350, 38470
Breaking above 38500 target will e 38880.
On the flip side 38000 will act as support for expiry
Breaking below 37950 will trigger intraday selling pressure and that will take banknifty up to 37550.