Nifty is in downtrend. Today can be day 3 of the downtrend. Stop 16520.
Fresh sell signal in BankNifty is there near 35100. Target 33500. Stop 35150.
Lets see if the congestion ends today or not.
Its good time for trend following option buyers.
Nifty is in uptrend. It can turn down today bellow 16120.
Its testing time for the uptrend, as it is trading near the resistance line. The equidistant parallel line.
I am expecting a decisive move to start from this line.