* Today after slight gapdown opening banknifty recovered and reached at our yesterday's selling levels which was 43400-43450 and came down.
In the market hours I recommended to go long in between 43150-43180 and exactly from 43180 banknifty again recovered and hammered today's day high of 43450.
* India VIX is running at 14.38. As We know budget is there is next month, I'm expecting a sharp rise in India VIX which will create huge volatile in the market.
* In our market hours dow future was up by 350 points but now Dow jones trading in red with 150 points, almost 500 points down by our closing as well as SGX nifty is down by 60 points.
* If we consider global market and SGX nifty it seems like banknifty can also open gapdown.
Ultimate support for Banknifty is 42900 and resistance 43400.
Plan for a short trade in between 43400-43450 and long trade at 42900.
If in case banknifty starts trading above 43450 then next stop for banknifty is directly 43900.
**Tomorrow I'll update further levels in live market.
