BANKNIFTY as analysed reversed exactly from 39400 levels and made a low toll 39000 which is also a important support and a psychological level and also had been an important RESISTANCE which also acted a neckline for inverted head and shoulders pattern!
Now if BANKNIFTY sustains above 38750 we can still make long positions ! No shorting unless gaps down Ana sustains below 38750
Now if BANKNIFTY sustains above 38750 we can still make long positions ! No shorting unless gaps down Ana sustains below 38750