HEAD AND SHOULDER PATTERN FORMATION IN BANK NIFTY

Bank Nifty is forming head and shoulder pattern on daily time frame if it fails to maintain above 44500 levels then we may see further break down in bank nifty with possible targets of 43939 and second target could be 43479, Bank Nifty will only be positive above 45000 levels if bank nifty sustains above this level for 30mins then we may see it move to 45330 and then 45580 levels

Comment:

target 1 achieved short position closed in Bank nifty 44100 PE august month expiry was taken as positional trade buy@288 sell@ 487