Bank nifty (Bearish)
Updated
BNF looking very bearish for monday because it is confirming head & shoulder pattern. if BNF Open flat on monday and crosses 44200 level after some consolidation on 5 min time frame then may be big red candle on monday because it can retest 43500.
If BNF open gap up on monday then see the price action then trade. because in such scenerio max time market open gap up. and seller covers their position and market further going up.
if BNF open gap down then no trade day for us...or at least for me.
If BNF open gap up on monday then see the price action then trade. because in such scenerio max time market open gap up. and seller covers their position and market further going up.
if BNF open gap down then no trade day for us...or at least for me.
Note
Last support will be 43400. buy above 44400.Note
sideways to downtrend ......... as price action suggested.
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