NSE:BANKNIFTY   Nifty Bank Index
There are multipul seller zoner and seller sl area above there are none buyers sl area below. so,buying probebility becomes high and also 50 billion from J.P. Moegen.
There are multiple short cover moves upside so be cautious of selling because there are no sellers right now.
and market will trap sellers so it can gain lequidity to go up ad hit SHOORT COVER area
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.