Nifty Bank Index
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Banknifty: Look for sell on Rise

Banknifty index has breached the macd on hourly tf on downside....
Major lvls of 22400 has been breached today and the heavyweights like Hdfcbank, Icicibank & kotakbank are leading the weakness.
Looking for further addition of shorts at 22400 lvl if they come otherwise short on rise market until we effectively get a closing above 22400 on 15 min tf !!

And it's just a matter of time before SPX500 also gives up !!
Watchout Bulls warning signs are there for BTFD !!
BANKNIFTYChart PatternsTechnical Indicators

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