BANK NIFTY Technical analysis

• Bank nifty is approaching its 20 day moving average. 
• Twice in the recent past we had good reaction from 20 day moving average. Since price is trading close to support and resistance lines as shown in the first chart we may see good reaction soon.
• 11660 is the important resistance level. 20 DMA is situated there. Above 20 DMA there is a resistance line which is shown in first chart that may act as resistance.
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