Will BANKNIFTY reverse from here..?
BANKNIFTY had been in range since last 3-4 days and now expected to break either side! BANKNIFTY now trading at very important SUPPORT which is around 36800 which previously acted as a strong resistance and now acting as a strong support now! Hence break and sustainment below 36800 can again lead to huge fall as it has been tested multiple times and is now weak
Break of 36800 below will also break the trendline below and can fall till 36000 in upcoming trading session
Break of 36800 below will also break the trendline below and can fall till 36000 in upcoming trading session
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