Bank Nifty | Volatile | sharp break down on cards

All technical indicators ( price & volume based) showing an up move in bank nifty with a long bias but here's a twist to the story

1. FII & DII are heavily bearish in futures while retail is strongly bullish. If a correction comes, it will be super sharp.
2. FED meeting this week, Fed will not cut down rates in H1 of this year, indicating a bearish sentiment in financial stocks ( specially banks ) post the results
3. HDFC bank is used to create this huge green candle yesterday. Good chances are it's play to create volatility in this week expiry. Keep tight SL and avoid longs for some time till volatility is eased out.

Strong resistance to come 47500-48000
Strong support 46000

Weekly expiry is going to be volatile. I will look to short the market. else stay out

PS: I reserve the right to be wrong.
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More bad news:

Saudi Arabia to extend oil cuts till end of June
GDP numbers are inflated ( actual is somewhere around 6-6.5%) - as per experts
GOLD is super bullish

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GOLD shot up back to back 2 days , biggest candle this year and last few months. What does the market know which we don't ? It's not a seasonal upmove (like diwali)

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approximately 150 points discounted in BNF future premium today indicating probably shorts being created.
FII data shows only Retail is strongly bullish in stock futures while institutions are waiting indecisive.
So market can move violently very soon

Operación cerrada: objetivo alcanzado:

time to book all shorts near 47000, over 1000 points booked

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Shorts re-initiated at open 47650 levels.