Banknifty has good support at 42250. If take support here then don't sell
BNF sell BELOW 42190
Target 42150,42095
If it breaks 41886, then next target is 41656. If 41656 is broken, then it will open the road of 39000, 38000. At the peak of the market 44374, I warned you that the market would decline.
You might now be aware that the Bank Nifty index finished just above the 38.2% mark. Therefore, Bank Nifty may open flat today near 42200 and attempt to maintain above 42242—a 50% false mark. If Bank Nifty falls below 42140, the trend will turn negative. Bank Nifty should hold above 42250 to remain in positive territory. Bank nifty may decline in the direction of 42020 and 41876. As this type of market expect swing trading and wait for the ideal pattern to enter.
BNF sell BELOW 42190
Target 42150,42095
If it breaks 41886, then next target is 41656. If 41656 is broken, then it will open the road of 39000, 38000. At the peak of the market 44374, I warned you that the market would decline.
You might now be aware that the Bank Nifty index finished just above the 38.2% mark. Therefore, Bank Nifty may open flat today near 42200 and attempt to maintain above 42242—a 50% false mark. If Bank Nifty falls below 42140, the trend will turn negative. Bank Nifty should hold above 42250 to remain in positive territory. Bank nifty may decline in the direction of 42020 and 41876. As this type of market expect swing trading and wait for the ideal pattern to enter.