Banknifty 15 min charts has crab pattern formation the prz of which is 21400-21200.
Tomorrow opening is going to be very important for further direction in the index.
For intraday, if we flat opening sustaining above 21400 can see move towards 21550, however expect the trending move only above 21560 levels.
On the flip side , if see gap down opening below 21200 , then index might be slip further .
So keep an eye on how market opens and how it reacts to 21200 , 21400, 21550 levels.
Below 21200 , pattern will be negated.
Tomorrow opening is going to be very important for further direction in the index.
For intraday, if we flat opening sustaining above 21400 can see move towards 21550, however expect the trending move only above 21560 levels.
On the flip side , if see gap down opening below 21200 , then index might be slip further .
So keep an eye on how market opens and how it reacts to 21200 , 21400, 21550 levels.
Below 21200 , pattern will be negated.