Sensex still weak on daily chart as the RSI is below 40..

1 upside candle will come RSI 45-50
Then pullback/downside candle will hit 40 RSI retest and then upside will be see here.

As of now no trade in sensex

In short -
1. Bnf super bullish (D/W/M) as per all HTF timeframes
2. Nifty 40 RSI retest done slow upside momentum will be seen here onwards
3. Sensex - bearish as of now. Confirmation on upside will be on closing basis only.

Bnf following drawing as marked. ❇️

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BANK NIFTY

Bank nifty -
As said in the zone no shorting.
And bank nifty bounced from exact zone.

Bank nifty current trend changed to bullish (yesterday) when fractal changed by closing above 60876.

Now just 1 week pending in monthly expiry expect a rangebound market / or a decent further short covering in bnf.

Upside in Banknifty possible till 61411 to 61764 zone.

Ultimate target remains same 62208.
Watch out bnf as per price action levels.

Avoid shorts.

Today if bank nifty gaps down
It's a buy trigger.

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Nifty

Nifty - extremely rangebound and index management going on in Nifty

One day Rel falls
One day IT stocks cover..
This market will trick you till 20 March starting today. So reduce trading position sizing

Price action wise

Nifty smartly holding - 25344-to-25458 zone. No shorting thoughts in this. The moment nifty breaks 25320 will witness more downside pressure again.

Gap filling Pending at 25108.

On 3rd Feb only told
Nifty made 7% range from low of 2nd Feb to high of 3rd Feb it will make a good timepass in this zone

After the breakout and breakdown trendy moves will be seen meanwhile enjoy rangebound market.

BNF

Bank nifty -
It's holding last marked blue ( demand ) zone. As long as it's bouncing from the same level also forming descending triangle 📐
One trapping upside can be seen.
But don't trade patterns...

Price action wise as long as bank nifty inside 24 Feb candle
That's is
61400 high
60800 low

Nearly 600 points range. Nothing will be seen.

Current bnf trend = rangebound.
Avoid trading without any price action confirmation.

Levels of conviction 🔥