REJECTION started in BANKNIFTY…?

2 במאי 2023

As we had been analysing since last few days that BANKNIFTY is reaching its initial supply zone from where we can expect a rejection and we did see a strong rejection being shown on the chart from the psychological level of 43500! Also based on global cues we can expect more of gap down opening tomorrow to which next eminent demand zone can be seen around 42600 levels and a health correction would be considered around 41800 levels so keep watching everyone