Is the strength being shown temporary? Gap covering coming up?.
BANKNIFTY
Looks like we are are heading towards important RESISTANCE
Level to watch is 36500-36800 which has previously acted as an important SUPPORT, now can act as an important RESISTANCE
We might see max 36800 at max then we might see a strong REVERSAL
Hence don’t make any aggressive long position, we might see a gap covering coming up in second half, so everyone keep watching
Looks like we are are heading towards important RESISTANCE
Level to watch is 36500-36800 which has previously acted as an important SUPPORT, now can act as an important RESISTANCE
We might see max 36800 at max then we might see a strong REVERSAL
Hence don’t make any aggressive long position, we might see a gap covering coming up in second half, so everyone keep watching