Banknifty was unable to breakout of 36200 resistance decisively with confirmation followup
and was hovering at the same level for a some time before breaking down to make a higher low.
Considering this as a upward channel move, one may go long for targets upto channel resistance.
Contra view - If breaks the range below 35600, short covering may trigger targets uptill 35300 (gap support)
Happy Trading !!!
and was hovering at the same level for a some time before breaking down to make a higher low.
Considering this as a upward channel move, one may go long for targets upto channel resistance.
Contra view - If breaks the range below 35600, short covering may trigger targets uptill 35300 (gap support)
Happy Trading !!!