Wealthcam

BANKNIFTY at important SUPPORT now..

NSE:BANKNIFTY   Nifty Bank Index
As we can see BANKNIFTY couldnt hold itself up after a huge gap up opening and fell throughout the day but closed at a very crucial level which is also a supposed neckline of the potential inverted head and shoulders pattern and this neckline is expected to be respected as a great support, level to watch is 33700-33750 and hence if we see any flat to a little strong opening then we can go long but if banknifty opens weak then we can see BANKNIFTY getting back into consolidation and being volatile

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