January 5, 2017

Bank Nifty Morning Update

  • Bank nifty 50 Week SMA and 17800 level is crucial. Fib chart too shows the presence of 38.2% fib level near this zone.
  • One hour chart shows support exactly at 17852. Hour closing below this may trigger a correction towards recent lows. So bulls need to hold above this level to avoid further bearishness.

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