#Banknifty directions and levels for October 16th.

Good morning, friends. Structurally, it’s a bear market, but there’s no support from global markets yet. However, if the decline forms a strong structure, we can expect the trend to continue. On the other hand, if it reaches a major support level with a gradual structure, we could see a 38% to 78% bounce back in the minor swing. Have a nice day!"