Though BANKNIFTY is continuously making higher highs still we can see a rising wedge pattern which is a pattern which shows bearishness and to support the same statement, we can see a RSI bearish divergence! Now we should only go only if breaches 38400 and 38500 more confirmation! Nifty is also at 18000 mark which is a very important psychological level which may act as a resistance
We should be more inclined for making short positions as market had been in stretch since last few weeks now and we can see a sudden profit booking if closes below 38100 so keep watching everyone