BankNifty would complete it's 0.382% Retracement at the 29500-29450 zone and expected to see a reversal from that zone. For some reason, if we break that zone, 27000 odd levels would be our next support (Less probability).
Both RSI and MACD looking weak on the weekly time frame.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading! InvestPro India Team
Comment
⋅
We may open with 1000 odd points gap down and see the 29500 zone tomorrow.