BANKNIFTY--42000 is Support??
Diupdate
We have a strong support lies at 42000-41800 levels...
If we consider yesterdays move as retracement, the fall will continue downwards upto 42000 and 41800 levels...
consolidation may happens at bullish gap and strong rise @42600 will resist the price again to topside...
If you see on topside we have resistance @43400 levels, which is a previous strong support may turned into resistance...Keep on short side from 43400 levels...
If 42000 or 41800 failed to acts as support 41600 and 41200 levels may test this week or next week.
Keep safe...don not go for risk...
If we consider yesterdays move as retracement, the fall will continue downwards upto 42000 and 41800 levels...
consolidation may happens at bullish gap and strong rise @42600 will resist the price again to topside...
If you see on topside we have resistance @43400 levels, which is a previous strong support may turned into resistance...Keep on short side from 43400 levels...
If 42000 or 41800 failed to acts as support 41600 and 41200 levels may test this week or next week.
Keep safe...don not go for risk...
Catatan
Previous supply zone@42380-42340 will try to push the price up...keep safe...If that zone fails then a strong fall will observe...
Catatan
keep in short side as long as price is below 42650 levels...Catatan
Don't short wait...Catatan
until price breaks previous supply and retracement no short...Catatan
If any one in long...exit...Catatan
Don' t go for short chance of breaking upside as well...waitCatatan
Becareful guys...Strong fall may also happens at this levels...Catatan
exit from long if 42880 breaks...Catatan
Exit from long if price breaks 42990.
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Also share your thoughts in the comments section.
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