- Nifty closes above 20 day moving average.
- 38.2 Fibonacci retrace level is also achieved.
- Now comes another band of resistance for nifty this is from 5556 - 5635 levels this is including the 200 DMA. So a successful close above this level will add to the strength of the pull back.
- For bears they should consider this as a rebound to the 200 DMA and shall wait for weakness to be seen before selling again.
- BANK NIFTY FUTURES UPDATE
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