BANKNIFTY we made a sort of a top at a very mechanical levels from spot point of view. there is also major pivot highs near the 26800-50 region. Until that is taken out we are likely to retrace back towards the value zones. The mean of this pullback is 26380 areas and that can be a potential retracement zone, The swing low being 26050 areas. the above scenario becomes in valid if we manage to trade above 26850, hence risk reward is pretty favorable
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This was quiet a quick one :), morning highs failed to scale the levels of the mid point vpoc at 26380 spot, and then made a low exactly at our planned levels near 26050 areas.