Nifty today made a strong up move and inched toward the all time high of 15920. However it failed to continue the rally and reversed from today high of 15914. Based on the triangle pattern, it is clearly understood that nifty is having tough resistance around 15900.
One should look for opportunity to short nifty tomorrow(7th July) for decent profit.
Bank Nifty is showing some kind of weakness for the last few trading session. It is testing resistance multiple time and broke the support yesterday closing. If Bank Nifty opens below or broke below the support level, we can expect the decent fall.
My view is Bank Nifty may trade between 34400 to 35200
