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VIEW ON BANK NIFTY

Long
NSE:BANKNIFTY   Nifty Bank Index
If we see the daily chart of Nifty Bank then we observe that it was in in a consolidation period between 3 Feb and 16 Feb. Then a breakdown occured at the level of nearly 41900 and it led bank down to a downfall. But now as we are seeing that Bank Nifty is regaining its up move again and, I think that, technically by observing this up move will be continued and it will reach the levels of 41900.

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