as we discussed yesterday we saw a strong pullback despite a 200 point gap down in BANKNIFTY, that shows the interest of BULLS in the market
though we saw a strong pullback we found it resisting around our level dicussed which was around 35100-35150
tomorrow it could be a real crucial day as BANKNIFTY seems to be in a good conslidation phase and break of this very consolidation could result in something big but it wont be easy as it could trap retailers couple of times by fakeouts until it gives a real breakdown/breakout
though we saw a strong pullback we found it resisting around our level dicussed which was around 35100-35150
tomorrow it could be a real crucial day as BANKNIFTY seems to be in a good conslidation phase and break of this very consolidation could result in something big but it wont be easy as it could trap retailers couple of times by fakeouts until it gives a real breakdown/breakout