38500- 38800 zone may act support
BankNifty — Last friday there was a gap up but index failed to hold at these level and we saw a selloff from these levels.
Situation 1- After gapdown index may take support @ 38800 level and bounce towards 39550.
Situation 2- If index failed to hold above 38500 then further correction possible.
#Note - The idea is shared for educational purpose and not a trade recommendation, Please trade after consulting your trade advisor. We don't give any assurance of profit or loss.
Situation 1- After gapdown index may take support @ 38800 level and bounce towards 39550.
Situation 2- If index failed to hold above 38500 then further correction possible.
#Note - The idea is shared for educational purpose and not a trade recommendation, Please trade after consulting your trade advisor. We don't give any assurance of profit or loss.
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