We got a bearish pattern on the banknifty charts (daily) which indicates upper hand for the bears and which tells that the present trend might take a breather. So it would be a good idea to sell on rise with SL of 29950 and targets of 29300/29160 for the short term.
All levels are Cash levels.
Note
Did not hit the target nor did it hit the high but closed at the high of the day indicating bullish bias for tomorrow.. Closed with marginal profits.
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