Banknifty formed a narrow range of 200 points since 2 days expecting good move of 400 to 500 points once breakout above resistance or breakdown below support.
Immeadiate Resistance is 54150 to 54200 area. Immeadiate Support 53900 area.
Wait for confirmation to take entries accordingly.
Targets upper side or lower side marked on chart.
Note
Trendline got broken retesting it now if a rejection pattern appears can short till day low area. Long only above 54200 area.
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