BullsEyeResearch

Bank Nifty 4th August

NSE:BANKNIFTY   NIFTY BANK
Bank Nifty started moving in an upward wedge since 23rd of March and it has been trading comfortably within that zone. Couple of times it did try to break but did not succeed. Now it has fallen for continuous 3 sessions and broken the crucial support. Next support is available at 20537 levels. RSI is is also in a week zone.
Important thing, what will market do today ? Will it fall as is visible or it will do what it always does and i.e SURPRISE YOU. It can be irrational, watch carefully for initial 30 minutes. There might be a whipsaw. Be careful.
Comment: it is still respecting the given levels. support remains the same

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