As US bank are performing worse since the '08.
.
.
There can be very much possible it can affect indian markets too.
.
.
First there is a Bearish Divergence on Weekly timeframe between RSI and
BANKNIFTY
Price.
.
.
With the help of Fixed Range volume profile there is much trading happened at the level of 35000 rupees.
.
.
Fib Retracement level of 38.2 is around 34000.
.
.
Anchored VWAP Which is genrally calculated from last crash in market which was '20 Crash is showing support around 32300.
.
.
According to Theory of Mean reversion 200 EMA on weekly time frame is at 34300 and on 1Day it is at 40600.
.
.
BankNifty is one of the main force which is the reason for the rally in
NIFTY
.
.
.
There can be very much possible it can affect indian markets too.
.
.
First there is a Bearish Divergence on Weekly timeframe between RSI and
BANKNIFTY
Price. .
.
With the help of Fixed Range volume profile there is much trading happened at the level of 35000 rupees.
.
.
Fib Retracement level of 38.2 is around 34000.
.
.
Anchored VWAP Which is genrally calculated from last crash in market which was '20 Crash is showing support around 32300.
.
.
According to Theory of Mean reversion 200 EMA on weekly time frame is at 34300 and on 1Day it is at 40600.
.
.
BankNifty is one of the main force which is the reason for the rally in
NIFTY
.