Market View | 27 May Nifty entering into monthly expiry week with elections results next week, expecting volatility with upside bias.
Nifty can head for 23400 23800 and pullback can be considered for rentry near 22850 with support/sl at 22700
The participation from Reliance IT and banking is changing hands everyday to watch for continued momentum in the heavyweights
Today is Nifty Midcap Expiry. Highest Call OI at 11500 and Highest Put OI at 11400. ATM Straddle 11450 at 77. Midcap Closed at All time with breakout with key support at 11300 on closing basis.
### BANK NIFTY
Banknifty had positive momentum in previous session as it sustains its breakout of 48250 and heading for 49500. Buying near 48600 has good long risk rewards
When FII looks to participate for long in India, Banking is there preferred choice which can see momentum as they have unwinded most of their shorts.
Hdfc Bank, Sbin, Axis Bank are strongly participating in the upmove
https://rb.gy/2l14rh
