BANKNIFTY
Index has given breakout of 41300 level with strong buying sentiment.
According to ABCD pattern, Index will again retest 41800 level.
42000 level is strong resistance & might not break in first attempt after Budget session.
We expect sideways Market in range of 41000 to 42000 for current Expiry.
Break of this range will decide trend towards 46000 level.
Index has given breakout of 41300 level with strong buying sentiment.
According to ABCD pattern, Index will again retest 41800 level.
42000 level is strong resistance & might not break in first attempt after Budget session.
We expect sideways Market in range of 41000 to 42000 for current Expiry.
Break of this range will decide trend towards 46000 level.