BANK NIFTY forms higher high.

1) Touches the blue line which is an extension line of a a previous high.
2)Stochiastic is not in over bought condition in daily time frame
but in hourly time frame it is in over bought condition after last red candle also.
3) some cool off expected which may bring down stochiastic from over bought condition
4)After today's big green candle with a wick some side ways movement is also possible
as weekly expiry is nearing. Option writer may try to pocket the call premium
5) Safe practice is to enter long if today's high is taken out.
6) US dollar is rising this evening hence time to be little cautions.
7) I may post during market hour after observing market condition tomorrow.
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