BankNifty Further Go Down before Recovering (Flat Correction)

13 Eyl 2016

As per the price action saw on Monday, the gap down suggested a bulk selling and it shall continue the same for tomorrow until it reaches to previous support level where we could see some buying back that shall move the prices up to fill the previous gap and clear out demand and supply discrepancy.

Target:19400
Stoploss: 20300