Currently bank nifty formed the raising wedge pattern
As per the pattern the it is showing there will 1000 points more for uptrend to complete the pattern..
Then after it is being expected for down trend for 2000 Points..
But as per my analysis, Nifty is showing uptrend ... if Nifty breaks 10500 then the next level support is 10200.
If bank nifty down trend...
Now nifty currently in symmetric triangle patterin in 5 Mins time frame.
Either it should break out up ward or down ward.
There are 2 Scenarios.
1) If Nifty Gap up and break out the level of Previous day high @ 10836 it will target the level of 10880
2) If Nifty Gap Down and Break out the level of Previous day low @ 10713 it will target the next support level...