Go bullish and keep stop in redline Only for education purpose please consult your financial advisor before taking any trade :)
As we can see in the chart BANKNIFTY can comedown and fill the gap and take strong support near around 22000-22075.
After very long nifty closes below 20EMA So we can say that nifty is quite week And also RSI is resist at 60 and came down Only for information and education purpose. Do your own analysis to Trade well and trade what you see!!
Only for education purpose Nifty trying to go up but small immediate resistance near 11550 if it breaks and sustain can see a bull side. Reason behind upside what i think that after monday fall there are many retail sellers are there so if this is true definitely market will continue its trend. Thanks trade well and trade what you see.
As per current situation in countries we can see Nifty can hurdle in resistance area and it will not easy to break upper trend line but once it breaks it will boom and As we all know that fundamentals are not supporting charts so be cautious . Else let market decide !! THANKS, Mayank Jain