Timir_Bhowmik

Banknifty Levels for 17th Feb week

NSE:BANKNIFTY   Nifty Bank Index
Below 38150 level ( which is also 38.2% retracement level as well), it will open door for 37200-37300 levels. If things get better then it may try to get some support on the upper end of the downward channel, which is around 37800 level. If 37800 is breaking then 37200 would be next support area.

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