padiyara

Bank Nifty is also showing weakness at resistance

Short
NSE:BANKNIFTY   NIFTY BANK
0
Bank Nifty is also showing weakness at resistance
area, can come down to 17600 area, as per the
pitch fork channel median support.
Comment: Forgot to add that, to read this from a learner perspective. I am so much exited with this platform allowing me to post my views. and i am posting my musings, it need not to be right all the time. But it is a SERIOUS study for me. i am trying hard to combine many things, like the indicators, the pivot values, Fibonacci ratios, the open interest data, the waves and what not. the market is a beast no one can control it between two lines. so let us move with it.
one more thing, i am not a full time trader or a market guy, i am employed in engineering field, and will not be available to follow every movements in the market. i closed my short position yesterday at small loss.
still happy to see market falling.
Comment: BANKNIFTY reached the target but it took more time than expected.now 1800 will act as a resistance. it can come down to 17150.