Today Banknifty was down by 2.44%. Top losers were Axis bank,PNB, Canara Bank and ICICI Bank down by nearly 4%.
On 22nd March Banknifty has made Bearish Engulfing candle and on 23rd march it has made Harami bottom candle and today it has confirm the bearish mode. Even today Daily & weekly Agni level of 10257 was very much important to cross but it failed to sustain above it and afterthat it was free fall upto 10013.
Tomorrow also 10257-10260 will be crucial and above that expect run upto 10400. On downside banknifty has strong support near 9700-9800 zone being support channel of Flag pattern , 200 day EMA @9913 and 100 day EMA @9861 .
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