The next chart is that of the Nifty weekly.
6090 is the weekly value high and any dips back to this point have to be bought.It’s also the 2nd seller zone above 6048 noted by Shai in his previous post.
And here is the chart more relevant for Monday action.
There may just have been some big sellers who initiated a short position at the close in the Bank Nifty yesterday.
Watch 12600 for some day time weakness of about a 100 points.
And the Nifty which rocketed off the value high from Thursday will show slight weakness on an auction below 6160 on Monday.