Bank nifty on weekly charts is nearing a resistance zone, with 50 wma on upside this can give a halt to the strong bull run we see in market currently.
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Market corrected before our levels but these levels are still valid in case there is a recovery
After a gap up bank nifty seems to be struggling even before the expected levels
a54e4e33d0ed4f6bad27ed87ecd65f
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If correct then target???
MagixStox
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@a54e4e33d0ed4f6bad27ed87ecd65f, look for nearest support as your target keep sl above the zone. A breakout above 50wma should be a signal to exit shorts.