#Banknifty directions and levels for April 9th.
Banknifty didn't match the performance compared to the nifty. However, it also has some bullish sentiment, so if the gap-up sustains, we can expect a rally continuation with minor consolidation. The reversal will be considered only if it breaks the Fibonacci level 38%, while if it rejects the major resistance level.
An alternate view indicates if the gap-up doesn't sustain or if it rejects around the immediate resistance level, then we can expect a minimum of 23 to 38% correction.
An alternate view indicates if the gap-up doesn't sustain or if it rejects around the immediate resistance level, then we can expect a minimum of 23 to 38% correction.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.