prabhuchinagudi

correction may come....

Long
NSE:BANKNIFTY   Nifty Bank Index
for short term as of now BN is highly bullish from the options&futures data.

as shown in the charts it may take a correction move if it din't sustain above latest daily candle..

37500
is the deciding zone for the downside from there it may continue another impulse move according to data.

for the next move after correction 42500
is the target which ic the impulse range.

and 37350-37450 level will lye on the 68% fibo rejection from bottom to top..
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.