#Banknifty directions and levels for August 19th.
if the initial market declines or faces rejection around the immediate resistance level (minor supply zone), it may take a retracement of 23% to 38%. After that, if it finds support, the bullish bias is likely to continue. However, if it breaks the 38% level, it may fall further to the 61% level on the downside.
Alternatively, if the market sustains or breaks the minor supply zone, then the rally will likely continue to the 50,830 to 50,984 level,
Alternatively, if the market sustains or breaks the minor supply zone, then the rally will likely continue to the 50,830 to 50,984 level,
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