Hi everyone, Banknifty index analysis on 1D chart index recently break it`s daily support 38,400 & bounced from 35,500 too 37,600 (level identified from harmonic xabcd pattern level 1.272) after bounce index is trading on it`s important support 35,500 if breaks then next support is between (33,900-33,100) levels identified from harmonic xabcd & abcd pattern levels 1.618/2.0) now between 33,900-33,100 will be strongest support area for banknifty index on daily chart & can take bounce from it. Banknifty index trend has changed too downtrend!
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