Banknifty closing 40389.8 and retest the 40370 level and come again up side 40800-41300.
Reason.
1 --> Price retest the level of high support.
2 --> RSI is show the sidewasy to bearish trend,
3 --> Price face the resistance at the 20 ema.
4 --> ADX is show the sideways move or bullish come.
Reason.
1 --> Price retest the level of high support.
2 --> RSI is show the sidewasy to bearish trend,
3 --> Price face the resistance at the 20 ema.
4 --> ADX is show the sideways move or bullish come.
Comment:
Banknifty MAde a High of 41063.75