The Bank Nifty failed to clear the downtrendline from November 2010 high passing through the February 2012 highs at 11226 and made a decisive breakout below the uptrendline from 10056.This make the bias negative.Only a move and close above 10560 will signal resumption of the upmove.
Oscillators too looking weak.
Fall below 10056 will increase the downward momentum.Good support at 9905 -9888 which is a fibo cluster level.
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