BANK NIFTY Chart analysis

 

• Bank Nifty daily chart testing 20 Day SMA. Last testing of this level resulted in an up move.
• Price is also near previous resistance level and Range Top from which BN gave a breakout. These two levels 12571 and 12538 may try to stop a bigger fall from happening.
• Last chart also shows 23.6% Fib level at 12518 levels. So for bears of BN price must break below 12500 levels could see extension of the current down move. 
• BANK NIFTY LIVE CHART- 5 MINUTES TIME FRAME
• SBI CHART ANALYSIS

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