Bank Nifty has been very weak from the past couple of sessions. It also broke its trend line as it was moving in a rising wedge channel. Today's gap-up also did its retracement.
Trend line also broken in RSI(daily Time frame)
If opens with a gap-up very likely to come back @ current levels
*Important levels are depicted on the chart
Trend line also broken in RSI(daily Time frame)
If opens with a gap-up very likely to come back @ current levels
*Important levels are depicted on the chart