Nifty Bank Index

BANKNIFTY Analysis -Retracement is going to Happen Tomorrow

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Key Resistance level is observed at 40900-40850. Price is still in this range.

Today Observations:

No proper Retracement is not observed still.
No proper bullish movement is observed today.

Before going to break this level price give some retracement to 40500-40450 level again....so enter long here for targets of41100, 40250
(only Buy Side).

Intraday Sell plan.
Sell Plan:
40900 is a level where previously strong sell off happens now at least will get a pullback,

Note 1: If opens flat will go for Selling to 40500-40400 levels.
I am Expecting a retracement to 40500-40400 levels.
Keep in the sell side tomorrow mostly.

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