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BANKNIFTY .. is it the CALMNESS BEFORE THE STORM ..??

NSE:BANKNIFTY   NIFTY BANK
another day of banknifty consolidating, its been over three trading days BANKNIFTY has been cosolidatig within 200-300 points within a range, but its a good sign as the more it consolidates, the bigger is the move expected and hence keep these levels in mind

still trading in ascending triangle pattern which could show a good upmove if 34860 is breached and sustained which was failed today as the level was previously dicussed and the rejections are shown with arrows

on the other hand new shorting position should only be made below 34500

and on each level break atleast 300-600 point movment can be witnessed

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