#Banknifty directions and levels for JAN29th
#Banknifty
Bank Nifty also has a diagonal structure that indicates an ending diagonal. So, if the market opens with a gap-up, we can expect a minimum of 45260 to 45365. After that, if the market consolidates or breaks this level, the pullback will likely continue, reaching 45623. However, if it doesn't break the immediate resistance (45260 to 45365), then it might turn into a range market.
Alternatively, if the market opens with a gap-down or if the initial market rejects sharply, we can expect the diagonal continuation. However, if the rejection shows aggression and breaks 44340, it will reach 44185 and 44000
Bank Nifty also has a diagonal structure that indicates an ending diagonal. So, if the market opens with a gap-up, we can expect a minimum of 45260 to 45365. After that, if the market consolidates or breaks this level, the pullback will likely continue, reaching 45623. However, if it doesn't break the immediate resistance (45260 to 45365), then it might turn into a range market.
Alternatively, if the market opens with a gap-down or if the initial market rejects sharply, we can expect the diagonal continuation. However, if the rejection shows aggression and breaks 44340, it will reach 44185 and 44000
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