As we can see BANKNIFTY closed above 38000 but facing multiple rejection from these levels, there are multiple reasons i am expecting banknifty to show a significant correction before it countinues its uptrend
Firstly banknifty had been in uptrend unidirectionally from 35000 levels and it covered almost 3000 points without any significant retracement or profit booking
gettung rejection from round level or a psychological level which is also a reactive zone
Firstly banknifty had been in uptrend unidirectionally from 35000 levels and it covered almost 3000 points without any significant retracement or profit booking
gettung rejection from round level or a psychological level which is also a reactive zone