BN looks forming a Bearish Pennant and Current rally may dissolve. If 18K support breaks then we will see deep downside.
Looking at the trend line with long term as well short term lines, Nifty is looking to test high of 12350 before breaking down till 11000 to resume further uptrend which should be 12800-13000 within span of next 6-12 months. We may expect it may not go that low upto 11K before resuming uptrend to break out from current trendline..
BankNifty looks to made a Triangle formation and reached peak. Now can move @ 500-700 points shouthwards during next 5-10 days.