Todays trend day may continue by tomorrow if a gap up opening is seen and sustained above 48300 then bullish action can been seen
Support at 48000 to 48050
Resistance at 48250 to 48300
If gap down below support or trendline break may make sideways or range bound day. Also todays buyers will look to book profit.
BankNifty Analysis
On Friday I changed my stance from bearish to neutral since we had a strong performance. We pushed through the 44068 resistance and maintained those levels. But today we dropped below that and even closed lower.
Notice we took out the 44068 level in the opening 5mts candle itself. From there we hit a new swing low of 43796 and then recovered...
