Banknifty - 24 Dec Expiry Analysis

Nifty Bank IndexNSE

Description

⋅ Dec 23, 2020 4:25 PM

Banknifty is forming a wedge pattern.

Here's my plan -

Case 1 - If there is a breakdown, the market can become trending and the fall might be scary.
Case 2 - If market sustains the upper level, I will prepare for a sideways market as 30000 will act as strong resistance.

Cheers.