Could BANKNIFTY be trending this monthly expiry..?
BANKNIFTY still in range since 2 weeks now and there are high chances of BANKNIFTY being trending cause it had been trading in a small range between 35000-35350
Though it tried to break 35000 mark in the last hour but it couldn’t sustain and close below which could confirm the downtrend hence direction is not known
Tomorrow we can again watch the level 35000 and wait it to sustain below for 200-300 points downfall
On the hand the gap is still pending above and hence if breaks above we can better rally if 35350 mark is broken out and sustains above
Though it tried to break 35000 mark in the last hour but it couldn’t sustain and close below which could confirm the downtrend hence direction is not known
Tomorrow we can again watch the level 35000 and wait it to sustain below for 200-300 points downfall
On the hand the gap is still pending above and hence if breaks above we can better rally if 35350 mark is broken out and sustains above
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