IIT-Trader

BANKNIFTY Analysis for Tomorrow

NSE:BANKNIFTY   Nifty Bank Index
Strong sell off observed at 40700 so May act as Resistance
Strong SUPPORT is observed at 39800,39600
before going to break 36900 again we see some consolidation or Strong Breakdown again.

Long:
if 40400 breaks at retest(Pullback) go long untill 40700.
Short : if 40100 break and gives pullback enter for Short targets of 39800,39600,39300

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