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Nifty Bank Index

much awaited fall is here!! where are we heading next..?

Por Wealthcam
As we can see BANKNIFTY fell more than 1000 points which was well expected as BANKNIFTY had been forming more like a rising wedge pattern. Now an immediate support can be seen around 50350-50500 levels being both previous swing and psychological level but if that level is breached below the we may see another sharp fall of over 500++ points which could be directional in nature so plan your trades accordingly.
Multiple Time Frame AnalysisSupply and DemandTrend Lines
Wealthcam
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