Nifty & BankNifty has a 'M' formation.
Nifty gave a double top formation.
It has even broke the neckline. It will continue to slide till 11500 which will act as support.
If this is broken the 11038 support can be seen in coming days.
BNF too formed same double top formation and it also has support @ 22500 only.
But before going short do wait for a pullback and then enter after pullback once you see a rejection from top.
Do not try to wash your hands in flowing momentum their is always risk of you getting caught at the bottom which is very scary.
"Earn money do not run after money."
Play safe & Happy trade.
Note: "Views only for educational purpose. Consult your financial advisor before taking any trade."
It has even broke the neckline. It will continue to slide till 11500 which will act as support.
If this is broken the 11038 support can be seen in coming days.
BNF too formed same double top formation and it also has support @ 22500 only.
But before going short do wait for a pullback and then enter after pullback once you see a rejection from top.
Do not try to wash your hands in flowing momentum their is always risk of you getting caught at the bottom which is very scary.
"Earn money do not run after money."
Play safe & Happy trade.
Note: "Views only for educational purpose. Consult your financial advisor before taking any trade."
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