Good fall coming up in BANKNIFTY below 43400..?

26 thg 6, 2023

As we can see the level 43400 has been acting as a strong support till now despite weakness in other index but it has been tested almost more than 6 times already making it weaker hence any closing below 43400 level should give a unidirectional move of over 400++ points in the same day itself. Till BANKNIFTY maintains itself above 43400 levels we might see a range bound market leading to huge premium decay for option buyers so plan your trades accordingly.