Banknifty did not see followup today BANKNIFTY INDEX FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) NSE:BANKNIFTY1! manuagarwal21 Banknifty formed a morning star pattern in the last few trading sessions, and if the market has to go up, this pattern should see a follow-through, which clearly it didn't. If I look at the structure of today's candle. Opening: It opened a gap down, which was unexpected, but it's market, it's supreme it can do anything it wants, all we can do is to follow it. How prices traded during the day - prices tried to move above the previous day's high, but did not sustain in the very first hour, and then started moving lower, though, in the last 2 hours, it tries to hold the previous day's low, so if we see the structure of the candle, it is of higher high and higher low. Closing: Closed near its low, though above the previous day's low. Considering today's movement it looks like bank nifty would trade in a range, as long as it trading above yesterday's low, selling would come only below 34960 levels.