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BANK Nifty Weekend update

  • I have tried to make the spot chart as close to the futures chart. Haven't included the wild price action of Friday.
  • Daily chart looks like a Dark cloud pattern with support at 11321. 10 Day EMA too is yet to be tested so weakness only on breaking these two levels.
  • Weekly chart too looks bearish with the large upper shadow showing weakness at top. Weekly chart has support at 11226 levels. Breaking this level may turn weekly chart bearish again.
Posted by San at 9:24 AM

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