Banknifty on hourly timeframe is in falling channel and is also showing RSI triple bottom formation with a positive divergence. A breakout out of this channel i.e. above 40200 can take BN to 40500 to 40700+, which can be around 50% pullback of recent leg of correction.
Happy trading
Happy trading
Trade active:
40371 done.... how about 40800PE to expire worthless this expiry ....
