sunilvedula

Banknifty support at 45785-45658 (Futures)

Short
NSE:BANKNIFTY1!   BANKNIFTY INDEX FUTURES
Banknifty futures support lies at 45785 and fibo 61.8% level is at 45658. This fibo is 1 day candle level which ideally should not be broken and we should see a retracement back to 45459 or 46260. But if it s broken then we have support only at 43924. But as per the fibo concept we should take support . So ideally if we touch 45650-45750 it would be better to book profits on short side and wait and watch for a day to understand where will we close.

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.