Bank Nifty in parallel channel

٨ مايو ٢٠٢٢

Bank Nifty moving in a parallel channel. Currently at the channel bottom, could bounce from here. Even if it opens gap down tomorrow on 9/05/2022, it may bounce from support and close above channel bottom.

Until daily candle close below channel, there is a high possibility of reversal.. depends on global cues, Crude price and VIX.