The upside move from 21400 levels looks very impulsive & taking out 21947 -there is no doubt that it will attempt 22000 zones easily.
Any move below 21615-21600 zone keeping 21947 intact on upside -we will join the bear camp -in that BN will attempt to break 21390-21400 zone.
Holding 21600-21615 zone downside as if BN comes close & fails to take out that zone then we have scenario on cards-largely pointing for new highs above 21947.
Previous Update -Beauty to realise the key level-21550
Previous Update- Series from 17605 to 19000+
Below 21880 - Bank Nifty shall look to dip downside Intraday. So, we wait to sell below 21880 next
Moving Above day high@21980 - we have to think for more on upside.
Last Price@21990- Exit Please
Taken Long above 21980 - Exit Please
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
it depends what kind of candle it forms(Price action) , Hammer with low just below 21880 wont be good trade set up. If the above 15 min chart is live chart than it might try to fill the gap and do the double top (testing todays high).
Finally It will all depends on price action it shows on the above mentioned point.