BankNifty is showing signs of weakness. To achieve new highs, it needs to close above 49,975 on a weekly time frame. If it fails to do so, we may see a significant decline in BankNifty.
Traders looking for short opportunities can consider entering short positions with a stop-loss placed just above the 49,975 level on a weekly closing basis.
Traders looking for short opportunities can consider entering short positions with a stop-loss placed just above the 49,975 level on a weekly closing basis.