Banknifty tried to breakout last month but failed on top and closed in a neutral zone.last week of septmber was consolidation with a huge volatility.
by seeing monthly chart selling came from the top ,for October month selling pressure will continue if BNF closes below 43666. upside we can see 45055 will acts as a major ressistance.above that only we can go for long position.
for October month we can expect consolidation with negative bias.
by seeing monthly chart selling came from the top ,for October month selling pressure will continue if BNF closes below 43666. upside we can see 45055 will acts as a major ressistance.above that only we can go for long position.
for October month we can expect consolidation with negative bias.