BankNifty - Possible Ending Diagonal Scenario At the Tops-39900

Possible Ending Diagonal Scenario could be unfolding for Bank Nifty. Trend could change next. Get your clue from European markets

Check the related idea published last week. Plan-B as mentioned in the idea.

Not a trading call. Manage your risk properly. Thanks

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8:31 Hrs / 6th Sep 2022

Good Morning All,

As a trader you should never be biased if Index fails to fall below 39759 & 39600 which is minor support -breach of these levels are required for downside expectation.
Moving above 39950 -Indication will be that bulls are strong & can easily surpass 40K to create euphoria among the traders.