Market View | 30 May Nifty can test the zone of 22500 +-100 pts in the pullback.
Market to gather strength for upmove above 22800 only
23000 Put Writers are trapped and further 22800 Put strike is seeing unwinding.
Highest call OI added at 22800 and Highest Put OI added at 22300, with 22500 Put having highest Put OI, ATM Straddle 22750 at 165
The market are getting volatile with for 200 pt intraday moves
### BANK NIFTY
Banknifty fell almost 700 pts retracing major range of the upmove
Banknfity is at key pivot zone of 48250
Banknifty resistance at 48800, above which only fresh longs to be added.
Wait for market action to hold morning lows or have a close above key levels to add longs, avoid new long positions till then.
https://rb.gy/ikfc0x
