Bank Nifty - This Week
Today BNF entered the long channel that it broke in September. The lower channel line is respected from May 2020 and is acting as a good support and resistance. With todays break out with good volume should give BNF a good boost to sail through 26500+ points easily in coming weeks. There are some gaps to fill on the way that was created by the fall during covid crisis. Key things to watch out is US Election Poll result and Q2 Results of banks. Overall BNF signals bullishness until it stays above the channel low.
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