On May 28,2021; Banknifty opened at 35,345 (Highest since mid of March,2021). Though the Index seemed weak, as it approached Point D (35,141) and stalled there.
For the upcoming sessions, Banknifty can be expected to move till 35,768; Where the next Harmonic reversal stands. The price might take a toll, before continuing the trend.
Lastly, After having breached the above levels, 36,850+ can be anticipated and would be a key level to watch. More involvement is expected in the coming week.
