Time to get CAUTIOUS !!

שלשום

BANKNIFTY can be seen closing below 50000 mark which had been an important support and psychological level, also the major trend line as well demand zone has been broken with formation like inverted head and shoulders structure hence FRIDAY could really be an important day to decide further rally. If managed to close above 50000 then we may see some respite and recover else major selling is expected of more than 3000++ points in coming trading sessions so plan your trades accordingly.