Nifty bank is approaching imp levels which may trigger short covering in the upcoming week. Imp levels to watch on downside for strong short covering are 47755-47401. And important support levels on the downside which can also trigger short covering are 48500-48200 . Sell on rise setup will work if banknifty gives upside straight away before it surpasses and sustains above 49510.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.