BANKNIFTY tomorrow [15th September 2020]

14 בספט׳ 2020

Major correction today that broke multiple supports as well as the medium-term supporting trend line at the bottom. Will have to wait and watch if 22000 is respected or taken out, acting as Pivot for the week. Up-move possible only if market goes back above 22400 and sustains above it. The day could be spent consolidating (eating premium) in anticipation of the upcoming Fed int. rate decision on Wednesday.

Resistances @ 22200|22400|22700|22900

Supports @ 21900|21600|21400