#Banknifty

5 apr 2023

"Trading day, April 5th: The global market indicates a negative start with a moderately bullish market nature. It may start with a neutral to slightly gap-down. After that, if the market breaks the minor support zone, we can expect a 38% Fib level, which is a major support zone. So, if the market rejects this level, we can anticipate a minor pullback that will likely retrace to at least 78% of the Fib level. On the other hand, if the initial market takes a sharp pullback, that's a sign of rally continuation. However, structurally, it might not go much higher."