BANKNIFTY is still showing weakness and now trading at very crucial level which is around 35500 which is also an important psychological level
but also an important thing to note that BANKNIFTY rally towards its all time high from this level itself hence for confirmation we have wait BANKNIFTY to sustain below 35500 for another 300-600 points downfall and more than 1500++ points downfall expected in upcoming trading sessions
Breaking below 35500 would not only break the support but also break the trendline which had been following since last 3 months below leading to one sided fall for quick 200-300 points
BANKNIFTY has to open flat to small gap down-gap up for proper setup
but also an important thing to note that BANKNIFTY rally towards its all time high from this level itself hence for confirmation we have wait BANKNIFTY to sustain below 35500 for another 300-600 points downfall and more than 1500++ points downfall expected in upcoming trading sessions
Breaking below 35500 would not only break the support but also break the trendline which had been following since last 3 months below leading to one sided fall for quick 200-300 points
BANKNIFTY has to open flat to small gap down-gap up for proper setup