BANKNIFTY had been trading in a range for more than 2 weeks now and now trading at crucial range
BANKNIFTY did closed above 35000 and now 35000 is acting as a strong support and hence till BANKNIFTY sustains above 35000 we can initiate buy orders, good move is expected if breaks above 35200 as it will not only break the range but also break the trendline above
No new selling is advisable because there are multiple supports formed below 35000