BANKNIFTY still in range, getting ready for fall..?

29 Ağu

As we can see BANKNIFTY had been volatile throughout the day which is expected in monthly expiry. We stil stand by our analysis as our bias has just turned negative as it broke below rising wedge pattern and in smaller time we can see more like a head and shoulders structure which also support our views hence till 51000 is level is respected, we can expect BANKNIFTY to remain bullish unless it breaches below turning it into very bearish so plan your trades accordingly.