vnagaraj0803

Bank Nifty - Intraday for 11th April

Short
NSE:BANKNIFTY   Nifty Bank Index
Bank Nifty has formed a double top pattern and the downward trend is forming a H&S pattern on Intraday. Support and resistance based on OI is marked in the chart.

A gap fill is still open which suggests the market may go down for 1 or 2 trading sessions and take off.

This is my view and for educational purpose only.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.