BANK NIFTY some bounce expected.

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It is trading below it 200 and 20 dma which is quite negative for it.
stochiastic has been dipped in to over sold zone.
and some divergence between price and oscillator is observed.
some pull back to 36335 is expected ,and sustaining above that it may go to higher levels.
main problem for Indian market is rising dollar which is now approaching 105.
FII out flow is increasing day by day they have sold 4064 crores in cash market.
Their favorite stocks for selling are hdfc twins and bajaj twins.
Any long position should be with strict stop loss.
First observe 1 st hour candle if it violates today's low please don't go long.
and please don't pursue any gap up and gap down.\
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