The steeper it gets on the upper the merrier it will be on the downside
Banknifty Plan-Banknifty closed at the lower end of the channel of 27350-27420. A move below that can lead to a test of 27130-160 levels-
on the other side a move into the zone above 27350 can put it back in the no trade zone again.
Liquidation may trigger below 27130 move.
But anyway stay away and stay safe. tomorrow is not a day for technicals :)
Will it go on to test the unfilled gap at 27340 levels.
As we mentioned... "The steeper it gets on the upper trend line the merrier it will be on the downside"