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vichu5554

BankNifty Supply and Demand Zones for October 8 Expiry

Nifty Bank Index (NSE:BANKNIFTY)  
vichu5554  
NSE:BANKNIFTY   Nifty Bank Index
Support and Resistance Fibonacci Trend Lines
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supportandresistance fibonacci trendline
According to Fibonacci Retracement levels on daily time frame analysis, BankNifty retraced back to 0.5 FIb Retracement levels (22760) and got a huge rejection from these levels. Now the major resistance is at 22800. Can go long if BankNifty closes strongly above 22800. Meanwhile if it continues to fall, the index has major support at 22000. So plan your trades accordingly.
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