New WEEK new TREND

As we can see BANKNIFTY got rejected exactly from the trendline though it recovered a little but ended up making an inverter hammer candlestick pattern in weekly timeframe showing that he selling pressure that BANKNIFTY is facing. Hence we can stand by our view that until and unless the structure is breached above no new fresh long positions should be made as the market can remain sideways to NEGATIVE in coming trading sessions is plan your trades accordingly.