#Banknifty directions and levels for June 13th:

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Current View

The current view suggests that if the market sustains the gap-down and breaks immediate support levels, we can anticipate further continuation of the correction, possibly with some consolidation.

Alternate View

The alternate view suggests that if the gap-down does not sustain and the market experiences a solid pullback, it may re-enter a range-bound scenario. This means that until it breaks the 23% Fibonacci level, the market is likely to maintain its bearish sentiment. However, if it breaks above the 23% level, we could expect a bounce back towards the 38% to 50% levels in the current swing."

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