Intraday resistance - 43450 if breaks then bullish move is expected. If it doesn't break and if drift below 43350 then a fall towards the major Support is possible.
Fib - Retracement - Banknifty downtrend has retracement of 0.382. the reversal is most likely. Major Support - 42950.
Use position sizing according to your stoploss level.
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opened gap -up and triggered reversal short entry and also broken the major support mentioned 42950 and crashed 600 points.