Nifty  opened gap  upon  Friday and around 1 Pm witnessed a heady fall to 10800 level and  a sharp bounce back to  11200 in few  minutes

Bank  nifty tanked  1500 points during intra day  and finally closed near 25600. 

No normal investor would have made money since the move was very fast. The previous week  low of 10866  is very critical not only for  this  week  but  for  the next month  also.  If 10866 is broken,  we may witness 10578  followed  by 10240/10100. 

Under these circumstances, it is strongly recommended to avoid aggressive position on either side.  Be cautious during next week.

The Banking  sector is likely to under perform along with  non banking  finance companies. 

Probably the  trend  could  continue  till Wednesday.

Expiry  could be  very interesting this  week and  it all   looks like  a sure casino  game  waiting for  us  on the expiry day.

Happy Trading!