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tradetechnicalanalyst
Jul 22, 2022 8:33 AM

Banknifty at major resistance.  Short

Nifty Bank IndexNSE

Description

B-Nifty PCR 1.30 over bought
B-Nifty RSI 70+ over bought condition
B-Nifty at major trend line resistance 36750-860 it may correct from here, if cross and sustain above it may test 37450 future levels* ( Must correct from here) for previous Gap Fill.

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B-nifty was given correction from 36800 as per our prediction, Now ii forms evening star pattern which is bearish sign. It is 02nd confirmation for more correction up to 36000 level tomorrow.
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