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This is only post for information, not for trade.
I have mentioned the support which may react.
PLEASE FOLLOW LEVELS AS PER CHART ..
FOLLOW CHART STRONG SUPPORT 21400-300
Bank Nifty is in Long term downtrend cycle
Recent rally is part of corrective move
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FOLLOW PRICE ACTION LEVELS
Bank Nifty ... support 19300-600 resistance 20300-20750 strong breakout above 21300-500
please correct on chart also .. sorry for typo mistake
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Weakness in BANKNIFTY. But great support at 19780. Play safe.
Again range bound.
Again some important levels for NIFTYBANK, let us see what happens.
Any move up selling Opportunity
Bearish price action in Big banks will take it down
I'm looking for more negative side market so I think short position Banknifty 19950 nd Sl 20550 target 19000 nd 2nd target 18500 Minimum.
I am seeing a little down word move in NIFTYBANK and then breakdown or breakout move.Wait for it. As we all know NEWS can change anything. Happy Trading!!!!
The nifty bank formed a "double bottom". Possible next trend is bullish with strong bullish volume to break the neckline.
There should be some consolidation zones in between while reaching this target.