Banknifty couldn't break 20 SMA on the daily timeframe and it again showed rejections. This month's expiry is going to be crucial for banknifty.
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This was a one-way analysis that basically didn't sustain for long. BNF gave a breakout from the trend. Now it is trying to make a base, we have to wait and see if BNF is able to make the base or will it fail and continue the downtrend.