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will history repeat itself..?? BANKNIFTY chart analysed

NSE:BANKNIFTY   Nifty Bank Index
as we can see that last year we saw a big correction and same type of pattern can be witnessed now which shows weakness and resembling the same pattern which caught us in cautionary note as stock market is said to repeating its history next very important level lies around 36000 another reason of weakness is the ongoing cold war between all the countries and rise in WPI and CPI inflation in USA which is the reason many FII's are opting for liquid commodities , gold and also giving growth to bond yields lacking interest in equity

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