Wealthcam

BANKNIFTY might remain sideways if couldn’t break the range

NSE:BANKNIFTY   Nifty Bank Index
As we can see BANKNIFTY had been volatile to sideways throug the day as we analysed but we can see more like an inverted flag pole pattern in smaller time frame which shows signs of bearish continuation hence if opens weak and sustains below 42000 mark we might see BANKNIFTY falling till 41600-41500 which is its next psychological level else it could remain sideways throughout the day

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