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BANKNIFTY INDEX FUTURES
Short

Bank Nifty Future

By deepgups
Updated
Good Morning. I am slightly unsure of the Bearish Butterfly pattern developing on BNF. we have the XABCD done to complete the pattern and it now remains to be seen. The pattern is within a RISING WEDGE marked in Orange lines. I have had to give it a SHORT TAG, but like I said @ SLIGHTLY UNSURE
Note
The RED vertical lines represent the Swing High/Low, and a break of the Low will proceed to obtain EQUALITY to the downside atleast. However, this downside equality MAY turn into another fresh round of selling, pushing BNF to fall further as per Fibonacci
Note
Some Participants have taken home Additional LONGS heavily on the Indices...... be careful as VOLATILITY will PERSIST for sure
Trend Analysis
deepgups

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