Banknifty index is clearly broken the support @47000 zone.
Price recently broken the longer term trendline as well..
Now price is trading near to support zones at 44500 minor support zone and
43500-43200 major support zone.
Short Opportunity::
Enter the short positions when price tap into this resistance zone(Support) or facing resistance from trendline.look for short opportunities from this zone.
Long Opportunity::
Enter long positions when price tap into the major support zone.looking for long opportunities from this support.
Case:1
We have a resistance in the form of support @47000.
Case:2
We have resistance in the form of trendline.