A perfect Head & Shoulder ( inverse ) pattern formation on weekly timeframe, but all the recent ( 4-5 weeks) candles are green so we can expect it to consolidate in the given region and buy only above breakout of that region @123
Buy above 98.40 , tgt= 112/ 120 (short term) (only after closing above 98.40)
It has made double bottom and given correction after almost 10% rally and currently looks like it will take support and bounce again, here SL is very small so go for long in short term It can easily give target of 130-135-140 in coming month
Below 11600, Nifty will fall like a knife
As we can see Bank Nifty has broken its trendline, we can either short the future or call option (CE) here after closing of this candle