Though BANKNIFTY is continuously making higher highs still we can see a rising wedge pattern which is a pattern which shows bearishness and to support the same statement, we can see a RSI bearish divergence! Now we should only go only if breaches 38400 and 38500 more confirmation! Nifty is also at 18000 mark which is a very important psychological level which may act as a resistance
We should be more inclined for making short positions as market had been in stretch since last few weeks now and we can see a sudden profit booking if closes below 38100 so keep watching everyone
We should be more inclined for making short positions as market had been in stretch since last few weeks now and we can see a sudden profit booking if closes below 38100 so keep watching everyone