- Bank nifty has fallen below a triangle pattern and 50 day SMA.
- If price sustains below50 Day SMA It could continue the down move towards 38.2% Fib level as shown in 2nd chart.
- Hope for bulls of BN if the index starts to trade above 20 Day SMA. Above 20 Sma the resistance line shown in last chart may come into play.
- Immediate support levels too shown in last chart.
- NIFTY WEEKEND UPDATE
- RELIANCE CHART ANALYSIS
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