BANKNIFTY
Price Action was sideway inside it's trendline today thus
BANKNIFTY
has being following it's Trendline & may continue the Downtrend with respect, or may give a breakout from it's trendline with a retest, there are some important level given below: R1 = 45117.75
R2 = 45365.60
R3 = 45659.95
------------------------------------------------------------------------------------------------------
S1 = 44835.05
S2 = 44529.10
S3 = 44250.25
If
BANKNIFTY
sustains above 45100 level in the first half then we can go for long or else we can go for short with a retest of the price level with respect to trendline