BANKNIFTY did break the long following channel but would this breakout sustain??
as we analysed yesterday that the day could be volatile to sideways as market doesnt go unidirectionally hence further we can see that market didnt sustain either of the levels we dicussed which were 36500 or below 36300 and hence was hard for retailers to trade today
tomorrow we can expect another sideways to negative market and it would be important to see how the new margin rules by SEBI affects the market and trade accordingly
as we analysed yesterday that the day could be volatile to sideways as market doesnt go unidirectionally hence further we can see that market didnt sustain either of the levels we dicussed which were 36500 or below 36300 and hence was hard for retailers to trade today
tomorrow we can expect another sideways to negative market and it would be important to see how the new margin rules by SEBI affects the market and trade accordingly