BANK NIFTY consecutive two nr7 days

1)Expansion follows contraction hence expected a definitive move from Bank nifty and range will not be narrow in coming days
2)Holds on to Median line, 1 st hour whipsaws was there on Friday and i had suggested not to sell in the beginning
in my last post.
3)Us dollar had declined on Friday which is positive for bank nifty any further decline in US dollar
is positive overall equity market.
4)After decline bank nifty has not still not violated last low still holding on to higher low.
5)median line will act as support and resistance line is also shown in the chart.
6) Probable targets shown in the chart by arrow marks if support and resistance are broken.
7)Possibility of trend reversal is more likely.
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