Postes yesterday view, validated by today's move.
Formed th double top and reversal of banknifty from the major resistance zone mentioned in last analysis.(for education purpose only)
Crucial level to watch, major resistance ,wait for breakout to go long otherwise short preference on banknifty.( SEBI unregistered, this is for education purpose only , follow your financial advisor before taking any Trade)
16850 major resistance to see ,if crosses can be rally otherwise fall from this resistance to form a double bottom near 1600-16250 (for education purpose only ,not recommendation)
As per price action analysis with given above levels observe the nifty50 index to take position depending on breakout short or long for short term trading.( For educational purposes only , consult your financial adviser before taking any trades or investment)
