Daily Chart
Bank Nifty has underperformed the Nifty by failing to make a new high in this rally. Also,unlike Nifty, the Bank Nifty has failed to cross the downtrendline from Novemebr highs. A hanging man candle was formed which is a bearish sign.
Tighten stops on longs .A potential double top too may have been formed.A break below 9509 could precipitate a downward move.
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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