After strong selling and breaking the support of 43530-43550 we have some new support and resistance As per the trading rule support becomes resistance and resistance becomes support. see the given chart where i had drawn some of the main support and resistance BANKNIFTY Our new lvls are:- -SUPPORT LVL:-43020-43050 -After breakdown we can see bank nifty trading at 42700-42750. -RESISTANCE LVL:-43520-43550 -After breakout we can see the lvl of old support(43520-43550) as resistance.
NOTE-I AM NOT SEBI REGISTERED ANALYST. PLEASE ANALYSE THEN TRADE I AM SHARING MY VIEWS