Max downside in Bank Nifty is 15% so wait to invest for long term A 15 % downside possible. Head & Shoulder Pattern observed
Nifty following a descending Triangle pattern ,Head & Shoulder ,
Uptrend line , crossed , Buy Signal from Momentum Indicator
Do not enter into long positions without a stoploss.
DowJones is entering a bearish phase , waiting to break down , A head and shoulders pattern formed , Rising wedge, RSI at support , ADX indicator -ve. We may enter a bearish intermediate down trend. A close below 17650 for two days will confirm this observation