#BANKNIFTY
Todays massive gap up opening was utilized by the sellers to short at higher levels.
Currently moving within the rising channel.
Buying scenario: If it breaks and sustains > 43100 then it will try to touch 43300-43400.
Selling scenario: If it breaks the support of the rising channel i.e. 42770 then we might see 42300-42200 levels as well.
S/R levels for tomorrow's expiry mentioned on the chart.
After a long time, India VIX is higher while markets are higher.
Is there fear on the higher side?
Can there be more short covering towards the end of the day?
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