1. Bank Nifty is in Rising Wedge. So, it indicate that Bank Nifty will Fall Soon.
2. Negative Diversion is on RSI Indicator.
3. Negative Cross Over on MACD Indicator.
4. Sell Below 34937 Target:34733 , 34527 Stop Loss:35405
NOTE: THE ABOVE TARGET ARE APPLICABLE ONLY WHEN PATTERN BREAK DOWN HAPPENS ONLY ON MONDAY ITSELF.
Comment:
Bank Nifty has also retraced to 61.8% from the previous top