Two important things to watch out for in the coming days in Bank nifty
Things that meet the eyes
A clear cut double top rejections seem to appear to the naked eyes, and 38000 levels seems to act as a neck line for the same. If the prices opens flats and starts moving below todays lows , we might see some downfall to the nearest support levels of 37200 and 37400 might act some breather.
Things that don't catch the eyes
Around the levels of 38000, which is acting as a support levels, Where to minutest details a small consolidation in the form of "half formed Head and Shoulder" pattern . if the bulls act stronger and might see some actions, Though the OI data doesn't favor the buyers at this point of time.
Lets keep our fingers crossed and go with flow, (As we are traders, and We trade both Directions)
Things that meet the eyes
A clear cut double top rejections seem to appear to the naked eyes, and 38000 levels seems to act as a neck line for the same. If the prices opens flats and starts moving below todays lows , we might see some downfall to the nearest support levels of 37200 and 37400 might act some breather.
Things that don't catch the eyes
Around the levels of 38000, which is acting as a support levels, Where to minutest details a small consolidation in the form of "half formed Head and Shoulder" pattern . if the bulls act stronger and might see some actions, Though the OI data doesn't favor the buyers at this point of time.
Lets keep our fingers crossed and go with flow, (As we are traders, and We trade both Directions)