Technical Analyst, owner of TRADEMANIAC
This week is very tough for positional trader to deploy any trade in Banknifty. Target for November Monthly expiry is 42000-43000. But Banknifty can retrace once till below redline. or it can consolidate here. so, we have to focus on intraday small trend. Yesterday, I mentioned in my telegram channel that something is cooking here, banknifty should fall here. and Banknifty exactly touche the target and fell from the top.
Tv chart:-https://in.tradingview.com/chart/BANKNIFTY1!/LtwBmx7X-Banknifty-Future-Intraday-Positional-view/