Banknifty - Movers and Shakers

Bank Nifty, the leaders post big. It is more or less measured tad above expectations. Yesterday's action near the trend line prints high wave candle and that is significant. This also developing after the close above 200 DMA. In the recent past close above 200 DMA yielded 10%, 5% and now 1.7% approximately. This is declining by 1/2 and 1/3 so some thing has to give up. On the break down below the fall is 12% and 10% (which is arthematic difference) one would be quick to jump 8% fall. However, these are discrete analysis and provide insights into path and not a insights to punt. A move to 35800 is at best one can anticipate while we stay below yesterday's high. In the very short term frames we have two bearish engulfing patterns and suggest this move. A break below 36400 on close basis prints double top. Supply kicks in here and 36800-37000 while supports 36400-36150-35980-35880. Inclined a marginal short here below the 37100 handle for low 36000.