#Banknifty directions and levels for April 23rd.

23 Apr

Banknifty also has the same sentiment, although it didn't experience as much of a pullback yesterday. So, here also, if the gap-up sustains, then we can expect a rally continuation with minor pullbacks. Alternatively, if it rejects around the supply zone or if the market initially declines sharply, then we can expect a minimum of 38% to 50% fib correction.