Banknifty failed to hold the breakout & the sell-off came from 23.6% of the pullback, which is extremely bearish and we see the triple top in the hourly chart.
Immediately until 36,850 is not taken out, we might retest the recent low and go down further.
Where? 34,650, if it doesn't hold more pain ahead.
If 36,850 is crossed, then go long else remain short.
You can follow me, during market hours for real-time updates, as the situation changes as the market moves.