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Wealthcam

BANKNIFTY might test 37000 level before continuing its bull run

Nifty Bank Index (NSE:BANKNIFTY)  
Wealthcam  
NSE:BANKNIFTY   Nifty Bank Index
Support and Resistance Supply and Demand Fibonacci
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supportandresistance supplyanddemand fibonacci
As we can see BANKNIFTY fell over 500 points despite of the huge gap up and also broke last days low and hence the next emminent support we can see is around 37200-37000 levels which is also a .50 level fib level and is a 50 percent retracement of the overall trend hence banknifty must reject and take support around these levels else if fails to take support around these levels then a crash like scenario can occur so everyone keep watching
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