BANKNIFTY will take a BREATHER here..

Nov 29, 2023

As we can see BANKNIFTY rallied over 700++ points which was much expected as we said BANKNIFTY has formed a doji and break on either side could show a unidirectional move and it did that. Now that BANKNIFTY has already rallied, we can see it closing at important supply zone which is not expected to be broken very easily. Hence, we can expect BANKNIFTY to take a breather as a halt until it finally breaks off heading towards its new ALL TIME HIGH so plan your trades accordingly.