The Diamond pattern became a busted pattern and again today support well found at 18830 - SPOT levels.
19050 spot- knocking for the fourth consecutive day - CAUTION with SHORTS.
PRE MARKET VIEW:
Bank Nifty is constantly finding resistance at 19050 levels and closed at 18928 - though it made a high at 19100 SPOT yesterday. Initial Supports continue at 18800-750 - Breakdown of which would drag it down to much lower levels.
A Diamond Pattern is formed in 5 min FUTURE Charts - breakdown of which would target upto 19750-700 FUTURES
TRADE PLAN:
Stoploss for Shorts continue to be at 19000 - partial Book out at 18750 - and trail with 18900 SL min 2 hour close
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