Hello traders,
Banknifty has been beaten very badly , but to no surprise we were bearish since two months. Currently banknifty is at major support and charts suggesting some consolidation with bullishness. 32600 level looks good for buying from here for this week .we will wait for market to sustain over it. Untill and unless banknifty gives closing below yesterday's low don't be bearish. I repeat wait for closing below yesterday's low.
This week range seems between 34200 to 32000
Banknifty has been beaten very badly , but to no surprise we were bearish since two months. Currently banknifty is at major support and charts suggesting some consolidation with bullishness. 32600 level looks good for buying from here for this week .we will wait for market to sustain over it. Untill and unless banknifty gives closing below yesterday's low don't be bearish. I repeat wait for closing below yesterday's low.
This week range seems between 34200 to 32000