Another level to watch out was 23875 levels. now on friday we tested that level and failed to breach it on the upside. This will hold as an immediate resistant with a possibility to test 23450 levels in the downside and towards our long term targets of 22600.
At the sametime remember that this week is expiry so dont be surprised if we see some consolidation as well based on options OI. which still is looking to suggest a close between 23500 and 24000
this brings back BNF to the pullback zone territory that we have been discussing for past few sessions.
expiry OI suggests 24K-24.5K close for BNF