Friday sessions are fresh start of option chain building. The FIIs and DII build positions for next week expiry day. The trade setup for friday are typically neutral as option premiums are at higher end. The market tends to gap-up as per global markets indications. Hence a limited room for more upside exists. Create a bearish trade till gap filling in Nifty at 17625 and wait for any reversal signal to cross daily high.

For Nifty Bank 40700 will be support for intraday bearish trade post a gap-up. In-case, market does not test the lower level then wait for reversal confirmation. However, a short trade setup can be found if the price moves below day's low.

Happy Trading!