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Nifty Bank Index
Updated

BANKNIFTY Analysis

240
If Price opens above 40850-40900 level then look for selling Opportunity in the zone 41000-41200 ,
Don't go for buying.
Observation: All the BANKNIFTY Contributions are at Resistance level ...keep an eye on these levels.
Go Short for downside targets of 40500-40330 levels sharp fall may be happened.
Note
Keep an eye at 41090-41160 level ....Strong Resistance
Note
Look at the reaction at 40700-40720 level may Rise again...Previous Resistance May turned to Support.
Note
Price is consolidation between 40950-40850...
wait for range to be broken and again comeback to the zone and if breaks 40950 go UP above 40950 .... IF 40850 Breaks and again comes back look for sell below 40850.
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Trend Analysis
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**If these ideas are Helpful !
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
Also on:

Disclaimer

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.