NIFTY BANK UPDATE

NIFTY;BANK have out played all BEARISH expectations which anyone would had 2,weeks back.
15 days back I shared level of 46,800 as a very important support break of which would indicate a decent decline atleast till the GAP zone of 4th of DECEMBER.
And on expected lines that gap is filled yesterday.
going forward some consolidation would be healthy,


level of 44,000 would be an important support,
A break of 44,000 would open a fare possiblity for a test of OCTOBER LOW of 42,105 on cash.

volatility has gone up significantly higher and going forward it’s likely to increase further.
Hens on lower TIME FRAMES trading apportunities would be on both sides.
directionally the setup has turned extremely BEARISH.
on TIME front 29th,january and 5th,february would be very critical.
Especially the intraday low of both these dates would be key pivots to track.