BANKNIFTY
Monthly expiry of Stocks
CMP 42,729
Looks bearish, Move created from demand zone of 42,665 ended flat at the same point , So rally is not able to survive. There is no demand zone or any support below that. So is possibility of free fall from the current levels. next demand zone is 42,242 to 42,286. if start falling probability to stop is 42,242 to 42,286 range.
Disclaimer: Analysis is for training and education purpose. author may enter in trade, take your own decision , This is an trading idea not an trading or Investment advice. consult your financial advisor before investing.
Trade closed manually:
Analysis did not worked , market open GAP UP