BANKNIFTY-Will Rise or Fall back Key Resistance level is observed at 42500. Price is still in this range.
Note:
we have a previous Resistance 42350-42400 may act as support, if this level breaks then only the price reach to the next supports at 42000,41700-41600 levels.
Today Observations:
After a Strong selloff is observed, price again wants to test supply zone 42500 for fall again.
Intraday Sell plan.
Sell Plan:
42350-42400 is a level strong sell off happens ,if again this level breaks and retest will go selling,(now at least will get a pullback) and showing down pressure go short for downside targets are 42000,41700.
