Bear rule in BANKNIFTY

NSE:BANKNIFTY   Nifty Bank Index
BANKNIFTY index cannot retain its levels amid all the global crises because of the Russia-Ukraine tussle. The longer the brawl continues, the worse it is for the financial sector. BANKNIFTY took the support of 35200 based on Gann Square of 9 and bounced back.
Supertrend, Smoothed Heiken Ashi and Follow Line indicators are all in red in 5 Min Charts, 15 Min Charts and 30 Min Charts.
The support levels based on Gann Square of 9 are 35200, and then 34300. The support levels based on Fibonacci Series are 34900, 34724 and 34038.
The resistance levels 36050 based on Fibonacci levels and 36150 based on Gann Square of 9


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