#bankniftyfuture managed the levels for the week clearly. To me, As of now Its bullish, If trend supports, Weeks resistance 18200 will be breached before expiry. To support this view, Nifty Fut context also bullish for this week (not so bullish for intraday).

If you check OI you will get to a conclusion that 18000 is going to be a resistance for the day. Will it be? Let's check.

Market opening after long weekend. There will be high volatility first 15-30 mins. Do not rush. Let the market settles first. Wait.

It has to breach 17700 for up move. Till now the Trend is up. No change in that. Lets see.

In past 6 days this is the smallest IB range formed. Trend is getting weakening slowly to neutral.

Nifty seems so weak, Breaching low may take Nifty to 9040 and BNF to 17300.

Only by breaching the Days lows. Market is not showing strength to any direction yet. I will avoid till 12.45.

#Banknifty Bull strength has been drained out.

I am bullish, Bulls loosing the strength, First half completed in between a small range. If there is no range break, no trades for me today.

The day finally ends with both side IBR breach and the lower level 17300 been tested. Bullishness lost its strength, yes but I am not bearish now. Lets see how it opens tomorrow.
#BANKNIFTYFUTURE