Bank Nifty may reverse testing channel resistance

Bank Nifty has been trading in bearish trend although there is a false breakout but it continued in the same direction. It closed on weekend at the resistance of bearish channel and there have been possibility to reverse from this level to the support of channel somewhere between 17850 in near term. traders may enter short in bank nifty only if open red, if open above the trend line then there will be buy opportunity.

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stay short bank nifty