BANKNIFTY finally is approaching an important RESISTANCE and a psychological level which is 38000 and more importantly is it also approaching 0.5 level for FIBONACCI which would also act as an another confirmation making 38000 an important RESISTANCE
Now, we won’t make any new long position unless BANKNIFTY is sustained above 38000 else we can see a strong profit booking tomorrow which will make more suitable for option sellers
Now, we won’t make any new long position unless BANKNIFTY is sustained above 38000 else we can see a strong profit booking tomorrow which will make more suitable for option sellers