BANKNIFTY, SIDEWAYS BEARISH

Jul 25

Based on trendline levels which have been respected in the past and long term support & resistance levels, it seems BankNifty is likely to remain sideways to bearish in short-term perspective with probable correction upto 49800 to 48000 range.

(Note : Pls discard 'Long' & 'Short' indicator on the chart)

Aug 14

Trade active

Touched low of 49748 on 8th Aug and made LL-LH structure, thus expecting another LL at 49000, however, 49385-49285 is strong support zone