This chart illustrates the movement of bank nifty
32350 will be the area of support which will be required to short the market further and this can be easily broken down if the market conditions do not become better.
Inflation
High Dollar Index
Cheaper Rupee / Depreciation in rupee value
Increasing crude oil prices
Increasing Commodity prices
Lower...
Market has shown its bearish side and it's the time for the bears to take over.
Target is 108.00 as per my calculation but you can book partial profits and use trailing Stoploss or trail manually.
