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BANKNIFTY Weekly Analysis - 28th Jan Monthly Expiry

Nifty Bank Index (NSE:BANKNIFTY)  
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NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns Technical Indicators BANKNIFTY bankniftytrend bankniftytradesetup bankniftytrading bankniftyview bankniftyanalysis bankniftylevels bankniftyidea bankniftyintradaylevels
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trendanalysis chartpattern indicator banknifty bankniftytrend bankniftytradesetup bankniftytrading bankniftyview bankniftyanalysis bankniftylevels bankniftyidea bankniftyintradaylevels
BNF will definitely retrace and I am mostly expecting a sideways market bc Annual Budget is near and after that we can see a clear trend.

I have marked the Fibonacci levels and expecting BNF to retrace to 38.2 and 50 % levels respectively before continuing the major trend reversal which we can expect since the market is too overstretched.
Penafian

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