AbhishekHSinghCMT
Short

BANKNIFTY- (120 Down) THERE IS A FIRE IN HOME..BULLS RUN AWAY

NSE:BANKNIFTY   NIFTY BANK
13 0 3
In Bank Nifty             Update- Bulls be careful....It was updated it could last leg up & going below 16300 shall confirm the same...What happened today..how rats run away when there is fire..same with bank nifty             ..cracked 120 points & if it opens gapdown sustains gap down that will be an example of island pattern and gap up of earlier days getting filled will signal an exhaustion gap which occurs late in the trend--which is bull trend. Be ready fire could spread. Regards
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
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