BULLISH ASCENDING TRIANGLE pattern wherein we can expect bull run to continue till the next psychological level which is 36500 but some points one must keep in mind that market doesnt go unidirectionally and hence for now to make a new buying position is risky , you must wait for some retracement for a better risk to reward
now BANKNIFTY trading at very crucial levels as 36000 is both a psychological level and strong resistance, and we did saw a TURNAROUND from that very level today
it will be interesting to see if it breaches 36000 above and sustainns then we can see till 36500 anytime sooner else if the given trendline is broken below the a substancial fall till 35800 being first support and or in a long run till 35500 can also be seen
so range to watch as of tomorrow is 35800-36000, breach anyside with candle close can give 200-300 points in a day
now BANKNIFTY trading at very crucial levels as 36000 is both a psychological level and strong resistance, and we did saw a TURNAROUND from that very level today
it will be interesting to see if it breaches 36000 above and sustainns then we can see till 36500 anytime sooner else if the given trendline is broken below the a substancial fall till 35800 being first support and or in a long run till 35500 can also be seen
so range to watch as of tomorrow is 35800-36000, breach anyside with candle close can give 200-300 points in a day