Bank Nifty : 20676 (chances to expire near 2540)
Below 20645 may see 20540 _20470
Above 20660 it can go to 20720_2070
Below 20423 a bearish sentiment will be dominant.
The said resistance 20720 yesterday touched at 20715
And the level 20536 also acted well as a support.
The broader market is waiting for an event or news
and may go side way for some time.
There is a descending triangle formation is hourly chart marked in blue square, descending triangles form as reversal patterns at the end of an uptrend, but they are typically continuation patterns, regardless of where they form, descending triangles are bearish patterns that indicate distribution....