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Nifty Bank Index
Updated

BANKNIFTY view for 20th Aug

77
Banknifty seems found its downside support near the areas 35200-35010-(34804)-(34525) and the upside resistance near 35773-35973-36120. The market respect the C curve of ABC in 5-wave elliot swing. Hence may expect a higher volatility and also potential reversal from any support, so be cautious.
Note
No big movement as we expected, totally a test match, bowlers seeming in control(option writers), no room for batsman(option buyers).
VINOTHK_TRADER
BANKNIFTYbankniftytradesetupTrend AnalysisWave Analysis

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BANKNIFTYbankniftytradesetupTrend AnalysisWave Analysis
VINOTHK_TRADER

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.