My Bank Nifty view as on 18th Sept 2020

Today Bank Nifty was on down trend. Someone who shorted Bank Nifty, would have made huge profit. The first two candle gives clear indication that Bulls are not having enough strength to pull market towards next level. Someone who shorted Bank Nifty at 9:25 candle having SL above day high would have made huge profit.

The big red candle was based on event at Indo Pak border.

Currently Bank Nifty has at resistance level, if on next trading day, if Bank Nifty is not able to go above and trade for atleast 30 min, then it may fall further to next level 21445. But if manages to go up and next resistance level is 22422.