Market View 17 May Nifty expiry move was up down up down and strong up at closing
Nifty can head for 21500 and pullback can be considered for rentry at 22340 with support/sl at 22250
The participation from heavyweight is good with IT, Reliance and HDFC Bank with heavy volume in last session
Today is Nifty Midcap Expiry as Monday is holiday, Highest Call OI at 11500 and Highest Put OI at 11200. ATM Straddle 11300 at 80. Midcap Closed at All time with breakout retest support at 11150
### BANK NIFTY
Banknifty 48000 is a good pivotal level which got retested almost 10 times in previous sessions
Banknifty can test 48250 with for the day where we can book short term longs and wait for market to give good reentry around 47900
Axis Bank continues to participate with Breakout in Banknifty
https://rb.gy/n0anmq
