In the Bank Nifty resistances have been created for the last two months and there is no support on the right, means without stopping anywhere Bank Nifty has moved straight forward from 45000 and there is no stoppage in between.
On Monday, there are two candles (1) 9:16 a.m. and (2) 1:42 p.m. (Pivotal)
Please take it as a warning that any stock or index on Monday, if falls below the level of 1:42 a.m. will go further down and those whose price remains above that will go upwards but after crossing this level on Tuesday. Therefore, next two days are very important and major reshuffle may be seen in Indian stocks. Do not take delivery of any stock on Monday and exit all long positions.
Disclaimer: I am not a SEBI Registered Analyst and it is only for educational purpose. Please consult you financial advisor before making any decision. I will not be responsible for any of your losses or profits.
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