Banknifty Weekly Expiry Analysis

Market on the verge of a major breakout or retracement. As per price action weakening of candles indicates no strength and cannot break the level. If that is true then we should either see a retracement back to 50% level (37950)or consolidation. Of course, the X factor can be the global news and results.. Maybe the market is indecisive about the outcome and hence may be waiting. Tomorrow hopefully should help us find out the longer trend.

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