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BharatJhunjhunwala

Banknifty may attempt to correct. But......

Short
Nifty Bank Index (NSE:BANKNIFTY)  
BharatJhunjhunwala  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns Technical Indicators BANKNIFTY NIFTY Technical Analysis bharatjhunjhunwala prorsi options
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trendanalysis chartpattern indicator banknifty nifty technicalanalysis bharatjhunjhunwala prorsi options
Banknifty is losing momentum gradually, we can notice a divergence on RSI with doji formation though divergence is not indication of trend change, a detour may not be ruled out. The MACD also displays divergence. Probable support at TK & KS confluence placed close to 31800. However there is no point in pre attempting correction, rather wait for price confirmation. Also to bring to notice there is a volatility divergence as well.
Bharat Jhunjhunwala
MFTA,CMT,CFTe,MSTA
www.prorsi.com
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