Banknifty index has breached the macd on hourly tf on downside.... Major lvls of 22400 has been breached today and the heavyweights like Hdfcbank, Icicibank & kotakbank are leading the weakness. Looking for further addition of shorts at 22400 lvl if they come otherwise short on rise market until we effectively get a closing above 22400 on 15 min tf !!
And it's just a matter of time before SPX500 also gives up !! Watchout Bulls warning signs are there for BTFD !!
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