Bank Nifty Spot - 17.06.2021

Bank Nifty Spot - 17.06.2021

Banknifty Spot opened gap down @ 34882 levels and made an intraday low @ 34458 breaking the support zone @ 34600

Banknifty Spot has a shooting star in weekly chart having a low @ 34374

prices are below ema

one can initiate a short position below 34540 (Spot)

watch out for further downside below 34200

resistance @ 34800 (resistance is stoploss for short position that will be created below 34540 Spot