BANKNIFTY Despite 300 odd pts range the makings are that of a neutral day 50 pt peeps abv below IB Usually ends doji like 50 pts close-open probably Trump wa to spell out penal tariff on India tonight ;)
BANKNIFTY is at bottom of the channel and still oscillator looks weak, if BANKNIFTY fails to hold above ₹55150 it will go down till ₹54600. BANKNIFTY is also went far avay from 100DMA(54690) that correction may also took place as 100DMA(54690) was hold very closely in previous uptrend. VWAPS are showing buyers are losses from start of this channel/ low of the channel/high of the channel. If it didn’t hold this channel this week and reverse there are high chances BANKNIFTY falling to bottom of the channel to between ₹54054-₹53483.