Banknifty Analysis

٢٠ أكتوبر ٢٠٢١

Index is creating descending triangle on short time frame(15min), while price is still in rising channel, the break of short term descending triangle pattern will decide which direction will banknifty go. Support of short term pattern is 38350 & resistance line near 38660. This short term pattern can give good intraday trading opportunity, until this short time frame pattern breaks i'm expecting nifty to stay mute.