Nifty Bank Index
Largo

Banknifty humpty dumpty fall ..will we fall or hold?

Banknifty fell today like humpty dumpty but if you closely observe it took support at the major trendline. This is a very good thing. This line has held since April 2023 for more than 4 times though not exactly touching the line always. Tomorrow if we have a green candle closing then we can expect a good reversal. Dont go short until a candle closes below the trendline which for now is at 43920. please note it should be day candle closing. tomorrow candle will be important

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