Banknifty has been consoladating on All-time-High, after proper Tripple TOP formation it has given the breakout to the downside. Now at 45888 It might have a support if that breaks to the downside it will give a very nice target of min 500 points because next Support zone will be near 45313. Reason:
Nifty Formed tripple top at all-time-high.
RSI value is 30 shows lack of bullishness.
Formation of evening Star at TOP of the trend shows strong reversal.
Crossover of EMACROSS(13,50), usally signs reversal of trend.
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