BANKNIFTY--42700-42650 acts as Support??Observations:
After A strong fall price mostly enters into consolidation stage.
Previous strong resistance @42700 broken and showing bullish pressure towards 43000,43600 levels.
(Price broken the 42700-42650 zone to downside and closes inside this zone.)
If the same level acts as support price will again rise from this level,
Strong fall happens from @43200-43100 level also be careful at this level before long will again see some bearishness in this zone.
Try to be on the long side from 42700-42620 levels to reach 43000-43200 levels.
Go long:
Above 42850 to reach 43000,43100 levels.
Short: Don't think of Short now. be on short side from 43200 levels up to 42850,42700 only.
price breaks 42620 and gives retest go short for 42400 levels.
