Description
⋅ FROM THE 27000 LEVELS, BANK NIFTY IS TAKING SUPPORT OF THE TENKAN SEN LINE.
DOWNSIDE DIRECTION CONDITIONS-
THE SUPPORT IS AT 29893. BREACHING OF THIS LEVEL WILL TAKE BANKNIFTY TO 29158 (23% FIB. LVL) OR 28400 (38% FIB. LVL).
UPSIDE DIRECTION CONDITIONS-
IF IT TAKES SUPPORT OF THE TREND LINE, WHICH IS INCLINED, WILL GIVE NEW LEVELS.