Nifty Bank Index

BANKNIFTY filled the gap but managed to close above trendline..

As we had seen though BANKNIFTY showed weakness, it managed to show V shaped recovery from bottom towards complete gap filling. Hence now as it has filled the gap, the previous swing till gap could act as a RESISTANCE but shows bullish as sustained above trendline hence we can expect a mixed volatile sessions in coming trading sessions so plan your trades accordingly.

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