Bank Nifty breakout at 55600 or breakdown 55300

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Many traders were expecting a market fall — a small correction in Bank Nifty — but as usual, it moved towards Friday’s high.

On the chart, strong support is seen around 24,210.
If 5530 breaks, a good retracement can be expected.
If today’s high is broken, the next level could be around 56100.

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