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Is the strength being shown temporary? Gap covering coming up?.

Nifty Bank Index (NSE:BANKNIFTY)  
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NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Supply and Demand Multiple Time Frame Analysis
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trendanalysis supplyanddemand mtfa
BANKNIFTY

Looks like we are are heading towards important RESISTANCE

Level to watch is 36500-36800 which has previously acted as an important SUPPORT, now can act as an important RESISTANCE

We might see max 36800 at max then we might see a strong REVERSAL

Hence don’t make any aggressive long position, we might see a gap covering coming up in second half, so everyone keep watching
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