sunilvedula

BNF - possibility of retracement to 42000 or Breakout to 45500

NSE:BANKNIFTY   Nifty Bank Index
The way Banknifty is poised is very tricky. As per Fibonacci retracement we have touched the 100% line and there is a high likely chance of retracement . If we retrace then the 61.8% line is at 42061. But looking at the consolidation that is happening if we give a breakout then the upper side target would be 45000 and 45661.

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