0Banknifty did all our targets below 22700 (22500 & 22350). Low made was 22320.
The daily chart shows Banknifty is taking support @ the lower line of the wedge. So tomorrow will make or break for Banknifty. If it sustains below the wedge line then we may see further down move towards 22100/21800 levels.
The daily RSI is @ a significant level of 60. So we can expect a good move on either side.
VIX:
The daily Gann Box yet to give us clear direction after crossing time factor. So I would keep a close watch for a further clue from VIX on any clear direction.
FNO Data:
The future OI increased by 11% with a decrease in price suggesting short build-up in Banknifty.
Trade Plan:
Above 22500 targets are 22630/22720/22800
Below 22330 targets are 22050/21800
