#Banknifty Directions and level for July 2nd.
Banknifty has taken a minor pullback in the previous session. Structurally, it could be a B wave, so even if it takes a pullback, it could undergo a range-bound market.
So We can try a breakout entry: that if the market breaks the upside at 52793, we can expect a 78% target. Conversely, if it breaks the 38% level on the downside, we can expect it to reach the level of 52271 to demand zone.
So We can try a breakout entry: that if the market breaks the upside at 52793, we can expect a 78% target. Conversely, if it breaks the 38% level on the downside, we can expect it to reach the level of 52271 to demand zone.