BankNifty at 50% Fibo Level

its the markets nature to retrace. The Fibo levels of 50% is an important zone where normally the retracement ends.

In case of Bank Nifty it took support at 50% fibo level of 42600. which confirms the end of retirement.

The area below 45200 is very choppy. once 45200 breaks we can expect a movement to ATH

NOTE: all the levels and analysis is only for educational purpose