SUDDEN REVERSAL EXPECTED IN BANKNIFTY ANYTIME SOONER.... ??
BANKNIFTY at very crucial support wherein we have seen multiple reversal around 34400-400
no shorting is advisable unless 34350 is broken with proper candle close which is last trading day's low for which an intraday short position can be initiated as it can make a low till 33900 level which is the range support
hence if tomorrow if it opens gap up, we can see yesterdays low acying as a SUPPORT, one the other hand if opens gap down we can see some selling till 33900
no shorting is advisable unless 34350 is broken with proper candle close which is last trading day's low for which an intraday short position can be initiated as it can make a low till 33900 level which is the range support
hence if tomorrow if it opens gap up, we can see yesterdays low acying as a SUPPORT, one the other hand if opens gap down we can see some selling till 33900