Nifty Bank Index

Banknifty weekly analysis

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After 3 weeks of running up banknifty took a breath this week and closed in red.

Important level to keep an eye

Banknifty have to close above 38888 for two consecutive day to move more higher. Closing above this level will activate 41000 target.

On the flip side one day closing below 37000 will trigger 1500 points correction.

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