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BANKNIFTY ANALYSIS FOR 17 MARCH 2021

NSE:BANKNIFTY   NIFTY BANK
Rejecting seen right from trendline drawn yesterday

In larger time frame, we can see it forming HEAD AND SHOULDERS PATTERN whose neckline is around 34500 levels, successful closing below 34500 can even lead to fill the gap till 33000

More inclined towards short

WILL TRADE WHAT WE SEE RATHER THAN WHAT WE THINK