Nifty Bank Index

bank nifty 13 feb daily chart

80
bank gave a negative closing on friday. Bank has been trading in same 2000 point range and is making huge candle wicks as seen in weekly charts. i think a trending market is near. the moment is gave a closing under 38700 i changed my view and became bearish to neutral. weekly chart has selling pressure but no much . so i think monday first half trading is going to be crucial and will decide if its going to be a breakdown or breakout. i persoanlly will be looking to sell 38700,800,900,39000ce weekly options if first 15min candle is red.

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