with today's close gave a bearish candlestick
pattern on a 'weekly' basis which tells us that it will break 29350 in the coming week. One may sell Bank Nifty
on rise with SL of 30030 and targets of 29150/29000 . The Nifty
has also given the same kind of pattern and hence the downward move will have help from the Nifty
heavy weights as well. The Rsi
has confirmed the trend by giving a drop from the overbought region.
With expiry on the cards and MACD
showing convergence a substantial drop can not be ruled out.
All levels are cash levels.