Wealthcam

BANKNIFTY showing signs of INDECISION at important level..

NSE:BANKNIFTY   Nifty Bank Index
As we can see BANKNIFTY after a oneaided rally which had been prevailing since last month now is finally showing signs of indecision at its resistance which has been tested multiple times before, we can see more like a doji candle which shows signs of indecison and hence we should keep ourselves ready for both sides as if banknifty sustains above previous doji candles high then we might see another bull run in banknifty

on the other hand if see the low of the doji candle is being taken out by banknifty then we might see a short term correction or profit booking in banknifty

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