I have an interesting take on the market, will update entire view in the evening. For now, The_RedTicker believes the market is currently sell on rise. Until it touches 11850-11860 levels on spot. There is a pattern in formation which will not happen if nifty doesnt touch those levels. By then Banknifty should be in 31850 levels.
P.S. Banknifty has already satisfied my conditions, so that's the only problem because I am expecting a fall in nifty with relatively less fall in banknifty.
*Closing above 12000 today will eradicate this view
Also, would recommend not to make position with month long view on nifty.
Pattern bet, 31800 ce of 9th jan,20. Nothing will happen, and even if anything happens i dont think we will erase today's gains