BANK NIFTY is consolidating between 22100 and 22500 for couple of days.
Immediate resistance on BANK NIFTY is 21665. It will be interesting to see formations at these levels.
Broad BANK NIFTY range looks to be 21200 and 23500.
Appropriate option positions can be initiated near support or resistance.
Immediate NIFTY resistance is 11525 and 11580. It will be important to view NIFTY formations at these levels.
A bearish divergence is also observed on the 60 min chart.
At the lower end, 11120 will act as good support for this week unless there is a news of India - China border escalations which has alleviated in the recent past.
I expect NIFTY to consolidate...