BANKNIFTY ABSORBED THE WORLD MARKET PRESSURE! NOW WHAT??

Beautiful REVERSAL was seen yesterday from 34000 levels which was pretty much expected as yesterday’s low was well respected and not broken, the reason behind the reversal was that as you go back around 21st of May you can see 34000 level has been acting a good RESISTANCE, and it’s very break gave spontaneous 400-600 point move in one go !

Now what ?
It is expected that BANKNIFTY will take a halt after this huge move which will also make today as PREMIUM EATING DAY so be cautious trading on index options

On the other hand if given RESISTANCES are broken it is again expected to carry on its bull run but wait for the candle close confirmation