Banknifty Analysis -Sideways 34000-42000. Best buying zone 34000
SUMMARY -
BANKNIFTY was in uptrend but is in sideways 34000 - 42000 now.
This ranging action is expected to continue for coming months till 42000 is broken and Banknifty sustains above it.
42000 - Resistance, selling is expected from this level.
Best Buying chance will be near 34000.
Look for buying setups near 34000.
Example - Break of 34000 in daily time frame and then reversal above high next day.
