NSE:BANKNIFTY   Nifty Bank Index
Monday's scenario -

Flat > It has breached 8/1 Gann level which will act as support and the target could be 1/4 level which will act as resistance.

Gap-up > It could face resistance at 1/4 Gann level and come down.

Gap-down > It may lead to fall upto 1/8 level hence after that we may see a quick reversal.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.