BANKNIFTY at very CRUCIAL ZONE !!

As we can see we have finally reached the psychological level and important demand zone which hasn’t been tested before and hence could react aggressively from here. Hence as long as BANKNIFTY maintains itself above the given level, we may see sharp short covering else any closing below the given zone could lead to new trend which is downtrend and can lead to further 8-10 percent downfall in coming trading sessions so plan your trades accordingly.