Candle stick structure suggests as hanging man. It is a reversible pattern provided it is followed by another bullish candle. If low of Friday day is broken Bank nifty is likely to touch target 1 shown in the chart. Today Icici bank will be declaring the result whatever robust its result may be main thing it to notice how market reacts to it. Market did not react to good result of hdfc bank. So if Friday's low is broken Icici bank will start reacting negatively. don't forget to like y post. follow me to get updates
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sgx nifty suggesting gap down opening for our market on Monday. still some downside left for sgx nifty.
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this is 15 minutes chart of bank nifty, we should observe 1 st hour candle of bank nifty and watch if closes above this trend line above which it had closed above in last 15 minutes on Friday. We should not short it at the gap down opening in the beginning, In the later trading hour if it breaks the low of bank nifty short position may be initiated.