As we analysed that we can see a strong upmove if 38000 is broken above and we did see a high made till 38450 but eventually fell on last trading hours! Now BANKNIFTY is trading at very interesting place as its closing had been around the neckline of inverted head and shoulders pattern and hence we can still expect bullishness in BANKNIFTY unless it closes below 37000 for confirmation for selling
Hence we can make new buying position as soon as 38000 which is a psychological level is broken above and sustained
Hence we can make new buying position as soon as 38000 which is a psychological level is broken above and sustained