BANKNIFTY EOD analysis June 8th 2022

8 thg 6, 2022

BANKNIFTY had a huge movement today on both sides, but managed to stay within a close range which we discussed in my last post.
Now, BANKNIFTY- needs to give a decisive move either below 34650 for BIG BEARS to come in action.
Chances of UPSIDE are less, as it seems like Sell at every Upmove, if it comes then BNF has to break 35450 levels with good volumes to see some SHORT covering.

I'm mostly in wait n watch mode currently, but I'm more biased on Down move to come in BNF.