Wealthcam

BANKNIFY SHOWING SHORT TERM BEARISHNESS...??

NSE:BANKNIFTY   NIFTY BANK
as you can see, after a long rally, it has taken a pause which was much expected and some profit booking too making BANKNIFTY trade at very crucial levels

the level being
RESISTANCE - 36000
SUPPORT - 35700

the opening could really determine the rally of the market as below 35700 we can see sellers coming up because we can see a POTENTIAL HEAD AND SHOULDERS pattern formation which could act as a catalyst for the further fall

the levels given will act a crucial range and expected 200-400 points movement on either side level break with proper sustainment

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