There is a formation of a Shark pattern on the daily chart of the Banknifty
Supply Zone: 38000-38430
We might see the banknifty taking pause around these levels and we may see some correction also.
RSI is also slightly overbought.
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.