WAVE c5 of ''C'' is forming an expanding triangle pattern in BANK NIFTY. Before Supreme court verdict, all bank stocks are moving north BUT
the fadded momentum,Divergent MACD warns something is wrong in BANK NIFTY.
May be by tommorrow, with a gap up opening all bulls will be trapped . 30870 (C=1.618*A) should be breached for further upside, BUT the other Broader index(NIFTY) is already exhuasted . , The terminal 5 th wave will give more TIME for BEARS to open more short positions,WHY not we think for PUTS?
the fadded momentum,Divergent MACD warns something is wrong in BANK NIFTY.
May be by tommorrow, with a gap up opening all bulls will be trapped . 30870 (C=1.618*A) should be breached for further upside, BUT the other Broader index(NIFTY) is already exhuasted . , The terminal 5 th wave will give more TIME for BEARS to open more short positions,WHY not we think for PUTS?