BANKNIFTY--43600 or 44800.

The Bank nifty index opens negative and continue downwards....it is a continuous fall...
today price opens gap down and fills the gap....no sign of bullishness.....
If we consider this as Gap down + strong fall as exhaustion of sellers...
From tomorrow on wards price is bullish.
we can also think that, it's a continuous bearish as it opened down and filled the gap...and may continues to downwards further....

Still it is in confusion for buyers...as it is still in bearish...No sign of bullishness...
If it is a continuous bullishness...we will enter in a retracement.
If fake out happens @43800 levels will enter again long for targets of 44800 levels.
Take care guys....

Comment:

If today's Gap up is an exhaustion of buyers , then price will breaks all the bottom levels....

Comment:

Bearishness continue to bottom levels.

Comment:

so tomorrow also the gap is an important factor for continuation to bullish or reversal to bearish.

Comment:

Don't go for short side....Look for long side....
price may break the 44200 level.
As long as price is above the 43700-43800... be on the bullish side....
if you want to go short wait for the price to break 43600 and gives us pullback...until don't think of short side.

Comment:

Safe ones exit from long....

Comment:

Risk ones trail for next target of 44430, where previously fake breakout is happened.

Comment:

Exited all longs....