BANKNIFTY SPOT , IF BREAKS AND SUSTAINS ABOVE 30250, MAY DO GOOD UPSIDE.. IF STAYS BELOW 30200-250 ZONE, MAY DO EXPECTED DOWNSIDE SHOWN IN THE CHART..
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As per the above suggested chart, mkt failed to cross above 30200 levels convincingly nd dropped heavily towards the target area... More downside is expected untill any bullish sign isn't seen..