On 12th May Banknifty was Down by 419.90 Points or 1.28%. Opened Gap down and intraday movement was much volatile.
Let's analyse for Tomorrow, Banknifty breaked the 0.5 important level of fibo we talked on previous analysis post, which is a sign of bearishness.
After crossing 32600 level, you can look for buying opportunity. If opened Flat and crossed our buying level, then we may see a good buying movement.
After breaking 32300 level, you can look for shorting. If banknifty opened Gap down, then watch the action at 31900 levels. If breaking it then again you can look for shorting.
Best of luck for Tomorrow❤️👍
Let's analyse for Tomorrow, Banknifty breaked the 0.5 important level of fibo we talked on previous analysis post, which is a sign of bearishness.
After crossing 32600 level, you can look for buying opportunity. If opened Flat and crossed our buying level, then we may see a good buying movement.
After breaking 32300 level, you can look for shorting. If banknifty opened Gap down, then watch the action at 31900 levels. If breaking it then again you can look for shorting.
Best of luck for Tomorrow❤️👍