22 Aug ’23 Post Mortem and Expiry Analysis on FinNifty

Between the last expiry and today, FinNifty has only given up 110pts ~ 0.56%. This is not at all a bad number if you consider the bearish trend it is in. Just like banknifty, finnifty is also following a falling wedge pattern with the same descending trendline slope. The noticeable point is that the support is at 19424 and technically Finnifty is still in the wedge whereas BankNifty has fallen below the support.