Banknifty is struck between the downward parallel channel, if you want to go long in bank nifty first it should break the upper trend line.
Second, it has to moved and sustain above the weekly CPR levels (35,300).
If these two condition met in upcoming days, one can go long in bank nifty, otherwise the price can drag down to 34400, 34000 levels.
Second, it has to moved and sustain above the weekly CPR levels (35,300).
If these two condition met in upcoming days, one can go long in bank nifty, otherwise the price can drag down to 34400, 34000 levels.