banknifty at a critical support, will it breach and go to 32143

6 במרץ 2022

banknifty is trading below 50/100/200EMA level and looking extremely weak. Last week it has taken support at a critical support level from which there was a recovery earlier. Given PCR 0.57 there is contra indication of a pullback. Will banknifty do a pullback tomorrow? Looks likely that the next support level of 32143 will be tested. Market will remain news trigger based. What do you think?