BNF - possibility of retracement to 42000 or Breakout to 45500
The way Banknifty is poised is very tricky. As per Fibonacci retracement we have touched the 100% line and there is a high likely chance of retracement . If we retrace then the 61.8% line is at 42061. But looking at the consolidation that is happening if we give a breakout then the upper side target would be 45000 and 45661.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.