Banknifty is looking positive on charts. Hence, we can expect upside momentum to continue, but some global uncertainties and a truncated week can hamper momentum . Levels to watch:
Upside only if Banknifty crosses and sustains above 51750, and momentum can continue upto 52500+. On the downside, we can expect retracement upto 50800 if Banknifty breaches the range of 51370-250. All levels are marked in the chart posted.
Upside only if Banknifty crosses and sustains above 51750, and momentum can continue upto 52500+. On the downside, we can expect retracement upto 50800 if Banknifty breaches the range of 51370-250. All levels are marked in the chart posted.
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