Banknifty is likely to remain range bound within 25940 on the higher side and 25320 on the lower side until the next trigger. The mid of this range roughly being
the 25650 level zones.So, here are a few scenarios, look to short on rise for targets of 25450. and look to long near 25400 for targets of 25600.
break of this zone can re test 25050 on the downside and 25940 on the upside. #BNF #BANKNIFTY.
Continuation from yesterday's charts,we had discussed this that a break of 25550 can lead to test of 25380, that zone got tested and BNF closed below it.
The close is very near the support & high value zone of the gapdown low of 06--Feb (25250 levels). It will be keen to watch whether that level will hold or not.
Sellers below that will ensure we get to test the 25000 support zones. On the upside now resistance is placed at 25650 levels.#BNF #BANKNIFTY.