As we can see BANKNIFTY opened very strong and around the the channel which it had been following since last week now. Despite opening strong it failed to sustain itself as we analysed yesterday and fell unintentionally resisting from our channel’s trendline. We can still see BANKNIFTY as majorly bullish till it maintains itself above our zone and we can expect a strong up move as soon as the trendline is breached and sustained above so plan your trades accordingly everyone