Today, the banknifty is very volatile. 500 points up and down was noticed in today's opening session as on 23rd Oct. 2024. It is forming big bars and the support here is strong at 51100.
A technical recovery can be played above 51500 if a 15mins candle sustains above it. If it breaks 51050 decisively with a red marubozu, this may go down for intraday. This is weekly expiry view.Watch the GANN levels, purple lines for more clarity.