BANKNIFTY VIEW FOR 08/JAN/2024

BankNifty Orignal trend is UPTREND but right now Banknifty is taking Reversal Downtrend or Say forming Swing Low . BankNifty Can Change Direction to Downtrend when break its recent support 47450.
Breaking 48650 will make new High .
Upside fast move Possible after breaking 48400-48450 to New High.