Banknifty Positional view
During the previous market correction on 10 Feb,2022, I told that Banknifty might correct to 8000 points. Banknifty touched & bounced exactly at that point. Even I had been told that "pralay is coming, Banknifty would break an all-time high when everyone was talking about a crash. All thing is mentioned in my blog @ gicaedu
Banknifty may crash from here if it closes below the upper trendline in the daily chart. Already bearish candle is formed. one big volume candle is necessary for confirmation. My target is 41000,40000,390000,38000, 37200, 36800. 36800-37500 is my final target
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.