Nifty Bank Index
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BANK NIfty.. pullback to continue?

BANK nifty had a big move today on short covering.
FIIs sold in the market where as DIIs bought.
Kinda dubious data.
Bank nifty next resistance is marked by two red lines, which also is the region of the 200 dma.
that can be a tough resistance to cross at one go after a strong pullback from friday intraday.

look to short around the 200 dma resistance zone
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resisted at 20 dma
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further fall can be expected from here

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