Today Banknifty was down by 126.30 Points or 0.36%. Opened Gap | Just Here Nifty Banknifty
Today Banknifty was down by 126.30 Points or 0.36%. Opened Gap up and given small upmove to invite fresh buyers and fell down. I clearly told right at opening - don't hurry to buy and buy only if sustaining.
Let's analyse for tomorrow, still banknifty is looking strong and today's fall we can consider as a re-test. 34500/34700 are the support levels we need to keep in mind. Tomorrow is wednesday - A day before monthly expiry and can be volatile.
Can look for buy in any 5 or 15min green candle around 34540. If opened flat and sustaining then also you can buy at small breakout with small SL.
Look for selling opportunity only if banknifty breakes 34280.
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