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Nifty Bank Index
Updated

BANKNIFTY-Will Rise or Fall back

150
Key Resistance level is observed at 42500. Price is still in this range.
Note:
we have a previous Resistance 42350-42400 may act as support, if this level breaks then only the price reach to the next supports at 42000,41700-41600 levels.

Today Observations:
After a Strong selloff is observed, price again wants to test supply zone 42500 for fall again.

Intraday Sell plan.
Sell Plan:
42350-42400 is a level strong sell off happens ,if again this level breaks and retest will go selling,(now at least will get a pullback) and showing down pressure go short for downside targets are 42000,41700.
Note
Price created a demand Zone at 42320-42350 range, wait before going long at this zone.
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BANKNIFTYbankniftyanalysisbankniftypredictionbankniftytradesetupbankniftytrendTrend Analysis

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BANKNIFTYbankniftyanalysisbankniftypredictionbankniftytradesetupbankniftytrendTrend Analysis
IIT-Trader
**If these ideas are Helpful !
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
Also on:

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.