TMKFX

Bank Nifty

Panjang
NSE:BANKNIFTY   Nifty Bank Index
Price just bounced from the very important weekly resistance turned support line, also it is inside the daily demand zone... There can be 2 scenarios

1. Price might bounce back from SnR level and turns into bullish or
2. Price might broke the SnR line continue its original bearish order flow

Its is important to note that there are 2 GAP / imbalances there inside the demand zone which may be good reversal point for longs

Further 4HR demand zone might work as strong support level... Over all i believe market gonna be bullish tomorrow we can expect Sell to Buy setups

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