Technical Analyst, owner of TRADEMANIAC
During the previous market correction on 10 Feb 2022, I told that Banknifty might correct to 8000 points. Banknifty touched & bounced exactly at that point. Even I had been told that "pralay is coming, Banknifty would break an all-time high when everyone talked about a crash. All thing is mentioned in my blog @ gicaedu Banknifty may crash from here if it closes below the upper trendline in the daily chart. Already bearish candle is formed. one big volume candle is necessary for confirmation. My target is 41000,40000,390000,38000, 37200, 36800. 36800-37500 is my final target
Intraday view: Banknifty fut may fall to 43054. Here it may take support for the day. If it takes support here, we can see a bounce back. If PDL breaks,we can go for short. I'll provide my view from time to time in my close telegram channel.(https://t.me/share_market_trademaniac)