38500 is the make or break level for BankNifty this week. We should form a base at 38500 this week to continue the rally above. HDFC Bank has posted stellar numbers and market will look this as a positive sign for Indian Banking Industry.
Important level for Jan 17 Base: 38500 Sell if its Break Below: 37300 Buy above 38550: For a target of 38800.
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