As we can see a strong recovery has been seen in bothy index despite being sideways in the first half. we expected a downfall below 43400 but it painted itself above 43500 throughout the day showing strength giving no signs of weakness. Now we can see BANKNIFTY trading at make or break level as this range of 44000-44200 had been acting as a strong resistance before and hence if BANKNIFTY opens flat then we might expect BANKNIFTY to get rejected at this level before finally heading towards its all time high.
if BANKNIFTY opens strong, a better entry would be if it takes support at our given levels and any signs of rejection at given levels should be a good buy so plan your trades accordingly
if BANKNIFTY opens strong, a better entry would be if it takes support at our given levels and any signs of rejection at given levels should be a good buy so plan your trades accordingly