BANKNIFTY POISED SIDEWAYS DUE TO US INFLATION DATA
Market perfectly taken support at the Pivot or the line of pitchfork on 15min as you can see in the image. Please note that everyone is waiting for US Inflation data which will come today evening and then all markets will move. Today it can remain sideways and we can have blasting expiry tomorrow.
Bearish View:
If we have a 15min candle closing below 42150 (Futures) then we can expect a tgt of 429004 /42890.
Bullish View:
If mkt takes support and moves up from 42200 then our first target is 42480 and 42650
Bearish View:
If we have a 15min candle closing below 42150 (Futures) then we can expect a tgt of 429004 /42890.
Bullish View:
If mkt takes support and moves up from 42200 then our first target is 42480 and 42650
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