Index Update

Nifty today given a breakdown below old rising channel but not sustained & again back in channel.

Now if 9680 taken out & sustain than on upside 9760 possible now Channel top

Below 9600 fast fall possible in Nifty

Bankex formed a Beautiful rising wedge

Rsi gets support at trendline.

If both break same time than a big down can be witnessed in them.

Ideally below 23427 better to short now

Nifty Bankex Update

Nifty after huge rally looking tired

Trading in a rising channel

Below 9635 first sign of weakness, below 9610 can go for nxt support at 9440

Bankex same case a rising wedge in formation
Below 23320 can down with full speed towards 22800-22500 level
Rbi event may trigger