NSE:BANKNIFTY NIFTY BANK
BN Seems to have peaked and we should see a small downward move tomorrow towards 28580-600 levels. Ideal situation would be BN opening flat or 50-80 points up and once its done with re-testing of today's breakdown on TL, we can short it once we see a negative candle of 5 mins for targets of 28580-600 levels. There has been good PUT unwinding at 29k levels today hinting that a fall is coming. Since tomorrow is expiry we can expect a sideways to day, action should happen in 2nd half of day. Not Interested to buy BN at these levels.