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Nifty Bank Index

BANKNIFTY view for 20th Aug

By VINOTHK_TRADER
Updated
Banknifty seems found its downside support near the areas 35200-35010-(34804)-(34525) and the upside resistance near 35773-35973-36120. The market respect the C curve of ABC in 5-wave elliot swing. Hence may expect a higher volatility and also potential reversal from any support, so be cautious.
Comment
No big movement as we expected, totally a test match, bowlers seeming in control(option writers), no room for batsman(option buyers).
BANKNIFTYbankniftytradesetupTrend AnalysisWave Analysis

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