BANKNIFTY FOR 08 JAN

Resistance Level-
Resistance 1: 48185
Resistance 2: 48373
Resistance 3: 48594.45

Support Level-
Support 1: 47887
Support 1: 47677

Between 47887 to 48373 don't aggressive . After 48372 breakout you can see a good move till at least 48594 level .

Scenario Happen:
  • Market will open between 47887 - 48373 then it will be side base market.
  • If open below trendline ( near 47897 )then a down move we can see till 47677 level.
  • If open near about 48400 and make green candle then wait for settle between 48373-48400. we will bullish for intraday basis.

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