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Cenchus
Jun 3, 2020 12:50 PM

Interesting pattern in Bank Nifty Short

Nifty Bank IndexNSE

Description

Similar type of structure is seen in Bank Nifty in comparison to the previous fall. This is the early sign of reversal. Go short with a SL of 21400 and target 18500, 17500.

Comment

More than 600 points down from opening.
Comments
shah101052
Icici bank has also the same inverted hammer pattern. So BN and icici bank both should correct. If not than may be false signal
MARINE_TRADER
My observation also today. Since weekly expiry ahead tomorrow bulls will fall back.
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