Today Traders got trapped with the Diversion between Nifty and BANKNIFTY.
BNF also opened GAP up, But Nifty sustained to move towards 17100 after retesting 17000 Support zones.
BNF trapped long traders and after the GAPUP just crashed down intraday.
SO, Why did BNF Crash today??
BNF opened exactly at the 16Feb 2021 HIGH / Resistance Supply Zones of 37767.
So, Once if /When BNF takes out 37767, expect more upmove to 37900++
If breaks n stays below 37500, shd expect Recent Gap zones at 36796 / 35725 to get retested.
32300 >> LAXMANREKHA >>> Shd not b BROKEN>>ELSE GOD SAVE BNF!!
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