How to trade Bank Nifty in Expiry Week

Last Week we gave the Trend Deciding level as 10236  Bank Nifty made low of 10175 on Monday giving an excellent entry in longs and eventually reached all the Weekly Levels.  The last week was one of the best week and worst week as Bank Nifty was up by 7% of Fed decision to continue tapering and down by 4% after RBI governor surprised market by increasing the REPO rate.
The week ahead promises to be quite interesting with the September derivative contracts set to expire on Thursday.The outcome of German elections, PMI data and FII flows will be the key metrics that investors would be watching next week.
Lets analyze how to trade Bank Nifty in coming week.

Bank Nifty Hourly

Bank Nifty on hourly chart  has now taken the resistance at its long term trendline at 11219 and gave a fall.Bank Nifty has taken support at 50 HMSA, and any close below..

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