Current market Banknifty analysis for September expiry
Banknifty currently reversing from fib 61.80% and if it breaks the 1st Trendline then bull run will continue to 2nd trendline. According to this the targets level will be the blue lines.
Note
Anyhow be ready if the market turns to be bearish. If market fall below 37650, then targets will be red lines.Trade closed: target reached
2nd Target achieved 37476 on the bearish side.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.