NIFTY BANK:Broadly speaking still BNIFTY is not fully out of danger.As of now sideways move with negative bias.The trend is likely to reverse only when BNIFTY holds above 49650-49700 decisively. Incidentally 49650 is its 20 DEMA level,If holds will make an attempt at 50000+.Major support lies at 48900-49000.Close below these levels likely to trigger another 500-1000 points fall(For educational purpose only)
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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.