Index witnessed a huge profit booking. The one sector which came under pressure was BankNifty
is consolidating at this level. The price pattern making Triple Tops, H&S
and inevitably Flag pattern
. All are hinting towards short term correction.
If price remains and take support at this level @18625 then it is ready to inch towards 18950 atleast 350 points move and if price penetrate the support level
below 18625 then it can move towards 18336.