Bank Nifty trade setup for 15 DEC 2022 Expiry day

Bank Nifty trade setup for 15 DEC 2022 Expiry day

Bank Nifty is expected to open gap down around 43950 levels.

The first Support for Bank Nifty looks to be around 43950 levels. In case of that support getting compromised we can expect next lower supports as marked on the chart getting tested out.

Any buy interest around these supports can be traded for quick scalp to above resistances as marked.

I would prefer to short Bank Nifty around PDL in case of bearish reversal triggers on opening for a quick scalp to the supports lower.

Buyers will dominate only if Previous day closing is taken on upside then we can expect to sit for Previous day high as a target.

In case if 43950 levels sustains and gives a buy trigger then possibly it will test again PDL and would be in a range & would expect some moves in the last session of the day.