Bank Nifty Analysis:- Sell-on-Rise Opportunity Near 49,900 Zone

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Hello Everyone, i hope you all will be doing good in your life and your trading as well. Today i have brought an analysis on Banknifty for short term view for few days. First of all let me tell you Banknifty chart is painting a clear picture of a sell-on-rise market. The 49,800-50,000 zone stands out as a strong resistance area, making it an ideal level for initiating short trades. This zone aligns with the broader bearish sentiment, especially after the breakdown of the key 49,000 support, which now acts as resistance. On the downside, 48,215 is the immediate support where a pullback could pause, followed by stronger levels at 47,283 and 46,696.

Looking at the RSI, it’s nearing oversold territory, which hints at a possible short-term bounce. However, the larger trend still favors sellers. To act on this, short positions can be built near 49,800-50,000, but make sure to confirm with bearish candlestick patterns like a bearish engulfing or shooting star. For targets, aim for 48,215, 47,283, and potentially 46,696, while keeping your stop-loss above 50,325 to protect against sudden reversals.

The market’s message is clear that this is a sell-on-rise setup, and patience combined with discipline can lead to high-probability opportunities in this bearish trend.

Disclaimer: This analysis is for educational purposes only. Please trade responsibly and consult a financial advisor before making any decisions.

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