Bank nifty Spot rate: 23985.75
Chart give me a hint for near term bottom out & trend reversal, where two candle are represents ( and ).
Below two possibilities are:
1. Consolidation + continue down: Waiting for next day candle, during consolidation don't buy.
2. Trend reversal + Up trend: If it right recognized then it will close on or above 24120-422, breakout neck line of Inverted Head & Solider pattern level 24950-980. If continue up trend need to wait for next candle close above this level (24980)
Mostly trend reversal, will buy for near term (time:10-15 days then decide continue trend or take profit)
Note: Buy sell it's your choice. Keep smiling comments...:)