Market View 4 May 22

I am writing the review after 4 months as I had tested Covid Positive and then went for a holiday…

Nifty (17069) the Nifty has closed mildly in the red but the larger structure looks weak and I see a flag formation… the breach 16900 will be bad for the market…

Bank Nifty (36164) the Nifty bank too has closed flat for the day but the larger structure looks weak and so and down side is bad for the market…