Banknifty is in downtrend in week and day timeframe. When trend is strong in higher time frame, every rally in day will get sell off...
Today above 11185 it can move towards 11270--11340--- 11440 which will be strong resistance zone for the day. Whereas on downside it can slide upto 11100----11000---10700.
We expect high volatility in coming time being expiry near by. Over all trend is negative.
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