Bank Nifty Update

Dear All, On Daily Chart, There is a Rising wedge pattern with RSI (14) Negative diversion is clearly visible. Bearish Bat Pattern reaching its last leg Target upto 88.6% retracement which might become the confulence zone for Bears to get active. Level to watch are 27900-28000 on upside and if Bank nifty fall below 27350 levels before reaching upper levels, then we might see a fall of 700-1000 Points. Be ready to Grab a good opportunity !! Below is the daily chart of Bank Nifty for your reference.

Cheers Sid

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