I have bullish view tomorrow, Psychologically institutions wants to push the price 30,000+ before this Fut expire. So for tomorrow let 5mins candle close above 29800, and you can plan for Long position. If not and opens flat or gap down crosses 29650, Then the support is placed at 29400 & 29200. Watch out for rejections at resistance on 5mins & 15mins chart. ✌️
Bank nifty made a new intrady high of 29827 but couldn't close above the previous high on closing basis of 29749 (18th Nov).
This signifies dragging of bull run till the end of a series, distribution at higher prices.
Bank nifty unless closes above 30,030 is not not a candidate for long. Stay cautious and for existing long positions keep strict stop loss of...