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REJECTION seen exactly as analysed!

NSE:BANKNIFTY   Nifty Bank Index
As we analysed in our previous post that we may see some breather being taken by BANKNIFTY before finally breaking out and we did see that as it got rejected exactly from our levels and had been sideways to negative throughout the day. now watching the global scenarios, we can expect a strong opening which could be followed up if BANKNIFTY manages to sustain itself with the strong opening leading to unidirectional move so plan your trades accordingly

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