Daily Chart
The Bank Nifty failed to cross the downtrendline once again as it hit
resistance exactly on the downtrendline.The previous peak at 10080 was
broken intraday but failed to close above it.The formation of a second
doji in a row shows extreme indecision.The gap made in the morning was
closed showing bears active. The oscillators are overbought making the
bank nifty vulnerable to a correction.
Keep tight stop loss of 9640 on longs.
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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