Not only, are we back above the 40,000 level on the BankNifty but we’re close to a crossover as well. If it is a cross down, we could see a big move down. It looks bearish, but I will wait to see if the cross over takes place, as a confirmation.
Until then, may have to trade lightly.
And the market is sideways, today being a FinNifty expiry, can't expect much movement. But we have just broken the trendline, with little movement...
And we ended the day sideways. This could be a setup for a larger move, but which will we will have to see.