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NPIRANHA

Bank Nifty - Jan Series View

Short
Nifty Bank Index (NSE:BANKNIFTY)  
NPIRANHA  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns Technical Indicators BANKNIFTY bankniftytrend bankniftytrading bankniftytradesetup
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trendanalysis chartpattern indicator banknifty bankniftytrend bankniftytrading bankniftytradesetup
Bank Nifty - 31500 is acting as Strong Resistance and its being 5 days , bank nifty is unable to take out Big Red candle it formed .
Components of BNF are facing Resistance and its the PSU Banks which are showing Good move but PSUs cant take BNF above 31500.
ICICI , HDFC Bank , Kotak , Indusind , Axis are all trading below their 9 Day Exponential Moving Average.
So I expect a 1000 Point Fall in Bank Nifty in Jan Series keeping 250 Point SL.
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