Nifty bank 15 minute a candle:
1. Nifty bank will be bullish above 38800 but MAXPAIN data shows the expiry will be near 38600 levels. It seems that in this expiry Nifty bank is not going to cross and close above 39000 but it may touch 39000 levels as there are maximum open interest as per weekly expiry 14-10-21, we can see selling pressure from there or close below 39000.
2. Nifty bank will be bearish below 38500 but there are many hurdles of 38350 then 38150, so there will be small profit.
3. No trading zone between 38600 and 38500.
4. Avoid trading in bearish side.
5. It if better to sell the 39000 CE (1 lot); you can use Call Spread strategy to minimize the margin.
