BANKNIFTY - May monthly expiry and June 1st Expiry

May Monthly expiry on 26th

Top three months with max FII selling in cash in recent times

March 2020 - 65k crores
Feb 2022 - 45k crores
March 2022 - 43k crores

It is already 44k crores in May - so it's a no-brainer that May would come in the top three. big question is - can it match Feb 2020 sell figures? I doubt but Time will tell

BNF interesting observation -

• the first leg fall starting 25 Oct 2021 - 18% , the second leg fall starting on 3rd Feb again 18% .. third leg fall started on 5 April - will it again fall 18% - Time will tell but point worth noting is 18% from 5th April comes at 31500 levels
  
  
• Every time BNF reaches 20 DMA in recent times - it shows some consolidation before breakout or breakdown .it is approaching 20 DMA , will it consolidate next week?
  

Hypothesis

BNF have a high probability to consolidate on Monday / Tuesday & Wednesday as the price would be converging with 20 DMA, trendline resistance, and pitchfork median line. It would give some nice unidirectional move after that

Analysis and Trading are different ball games - Analysis is all about imagination and trading is all about discipline. So Trade Safe