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BANKNIFTY VIEW FOR 08/JAN/2024

Long
NSE:BANKNIFTY   Nifty Bank Index
BankNifty Orignal trend is UPTREND but right now Banknifty is taking Reversal Downtrend or Say forming Swing Low . BankNifty Can Change Direction to Downtrend when break its recent support 47450.
Breaking 48650 will make new High .
Upside fast move Possible after breaking 48400-48450 to New High.
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