The Bank NIFTY is expected to be the Bearish Intraday Market. It is strictly advised to Sell below the Current Low of Today after Breakout happens. The Day High can be Used as SL. Trade with own risk and analysis.
The NIFTY have Created the New High Price and Having High Probability of Retracing atleast for Short Distance.
Currently NIFTY have strong Resistance Only so Shorting here with the nearby Resistance 12511 as SL.
CPR is the Target.