BANKNIFTY might get rejected from 41500 level now

31 oct. 2022

As we can see we can see more like an inverted head and shoulders pattern in smaller time frame in banknifty and the immediate neckline we can see around is 41360 level on the break of which we might see a strong upmove of 150++ points hitting 41500 which might act as a resistance being a psychological level hence we might see a strong upmove in the first half, banknifty must sustain itself above 41500 to continue its bull else it will get rejected and stay beinh sideways to negative throughout the day