Monday GapUp ho sakta hai, hota hain toh jo ata hain leke nikal jaiye, mujhe lakta hain budget se pahele ekbar 51500/51000 retest karega.
I think it’s a double top pattern at ressistence & broke the trend line with a strong bearish candle. So my point of view is correction and a fall can come.
After RBI announcement, Banking sector will have buying momentum. Surely It may test the 51000 level once, but I don't think it will hit 46000 level.
I think it's a Rising Wedge, and a fall can come, as Nifty ignored it's Fibonacci level of correction.