BankNifty need to exceed 35430 and sustain above for upmove.
1. BankNifty closed below an important support line on index as well as RSI.
2. This support line was supporting BNifty since April 2nd week.
3. BNifty must exceed and sustain above 35430 tomorrow, for any major up move.
4. Similarly 21 period RSI need to cross 56 and sustain above that.
5 34500 and 34330 are major supports on downside.
Trade on short side for possible target of 34340.
2. This support line was supporting BNifty since April 2nd week.
3. BNifty must exceed and sustain above 35430 tomorrow, for any major up move.
4. Similarly 21 period RSI need to cross 56 and sustain above that.
5 34500 and 34330 are major supports on downside.
Trade on short side for possible target of 34340.