Nifty Bank Index

BANKNIFTY - Triangle formation

190
Banknifty has been trading sideways for the past 3 trading sessions.

At higher levels, it is facing supply pressure and at lower levels, demand is coming in.

Now for tomorrow

It can move in any direction, and there is a possibility of a trending move tomorrow, hopefully.

Support levels - 39428-39462 - opening and sustaining this level, might open a breakout probability from the triangle pattern.

However, gap down opening below 39420 or break below this level, could also mean a selloff, which can extend up to 38630 levels.





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