Above monday's high it is likely to bounce,If there is negative opening tomorrow wait for high of monday to be taken out to be long,for the target of arrow as shown in the chart. we had captured the reversal of bank nifty on monday. once long in bank nifty monday's low should be stop loss. like this post if it helps you. follow me to get updates.
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I was expecting reversal,quite early on monday was able to pick up it.why I was expecting reversal? This down side movement of bank nifty was follow up selling from a triangle.and triangle forms in 4 th wave or B wave and I had detected it earlier.